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What are the I.T. benefits under the SRD Scheme ?

April 26, 2017Benefits i.t Scheme SRD

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What are the I.T. benefits under the SRD Scheme ?

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• Sec.10 D : The claim amount paid to the nominee of the optee member, on his/her demise is exempt for I.T. • NO TDS : The interest earned in the SRD account is exempt from TDS. • Premium paid is an Eligible Investment : The life insurance premium paid by the Bank on behalf of the optee member is one of the eligible investments that qualify for tax benefit.