Can both parents claim SSA for tax deduction in 50:50 ratio

Q & A ForumCategory: GeneralCan both parents claim SSA for tax deduction in 50:50 ratio
Anurag Maheshwari asked 2 years ago

Hi Santanu,

Can you please answer my queries related to income tax exemption for deposits under Sunakya Samriddhi account. I have opened a SSA for my daughter. Now my questions are :

1) As me & my wife are working couple, Can we both me & my wife equally deposit in the same ratio & claim income tax deduction under section 80C?

2) Can both of us claim it for tax deduction in 50:50 ratio?

Can both parents claim SSA for tax deduction in 50:50 ratio
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