Can I claim tax benefits for Sukanya Samriddhi and SCSS under the New Tax Regime for 2025-26?

Yes, you can claim some benefits, but the rules have changed a bit under the new tax regime. For the financial year 2025-26, the government has kept most deductions and exemptions out of the new regime to make things simpler. Still, interest and maturity amounts from schemes like Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme (SCSS) remain tax-free. This means you do not pay tax on the money you earn from these accounts, even if you cannot claim deductions for the amount you invest.

Under the old tax regime, you could claim deductions for investments in Sukanya Samriddhi and SCSS under section 80C. In the new regime, section 80C deductions are not allowed. So, while your contributions will not reduce your taxable income, the interest and maturity proceeds are still exempt from tax. This helps you grow your savings without worrying about tax on the returns.

Choosing between the old and new tax regimes depends on your overall income and investments. If you have significant investments in tax-saving options like Sukanya Samriddhi or SCSS, the old regime might offer more benefits because of the deductions. But if you prefer a simpler system with lower tax rates and fewer exemptions, the new regime could work for you. It is a good idea to compare your tax outgo under both regimes before filing your return.