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Section 80TTA

Post Office Savings Accounts: These accounts can be beneficial if one opts for New Tax Regime; check details

29 March 2025 by Admin
Post Office Savings Accounts: These accounts can be beneficial if one opts for New Tax Regime; check details

Post Office Savings Accounts (POSA) have emerged as a favourable option for individuals opting for the new tax regime, offering specific tax benefits not available with regular bank savings accounts. While savings accounts generally lack substantial tax advantages, POSAs provide exemptions that make them attractive to savers. The post office offers superior interest rates compared … Read more

Categories Economy Tags economic climate, Financial Strategy, Interest Rates, Investment returns, new tax regime, Post Office Savings Account, savings accounts, Section 10(15)(i), Section 80TTA, Section 80TTB, senior citizens, tax deductions, tax exemptions, tax policies Leave a comment
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