Extend by 5 years WITHOUT further contributions:If you choose this option, then your PPF account’s maturity will be extended by 5 years. You will not be allowed to make any fresh contributions during this extended 5-year period. But your existing PPF corpus will continue to earn interest. ...
The maturity does tally with the Indian banks (e.g. Axis Bank) as calculated in the Bank’s website. Reply sanshi Apr 14, 2021 at 8:53 PM You can use this formula to calculate PPF interest. Reply sanshi Apr 14, 2021 at 8:55 PM can I use this formula to calculate PPF inte...
Not many individuals know, that the interest on the Public Provident Fund (PPF) is calculated on lowest balances in account between 5th and last day of the month. In simple terms, what this means is that if you deposit the amount after the 5th of the month, you will lose interest for ...
As human beings, we all take risks in life. There is no life without risks. Yet, many of us do not take even minimum risks and in turn will waste time and many important opportunities. The concept of calculated risks tends to only minimize such mistakes
Explain the multiplier? How is it calculated? Why is the multiplier related only to consumption spending? Describe the process that occurs when there is a decrease in the supply of money. How does it affect the economy? What is a recessionary gap? What fiscal policy might close ...
r = the rate of interestn = duration of the investment in monthsLet’s take the example of Ms Divya, who invests INR 15,000 per month for a tenure of 30 months and expects a return of 10% per annum. The investment returns for Ms Divya can be calculated using the above formula....
Economic growth causes the PPF to do what? Identify a fiscal policy designed to stimulate economic growth What is the multiplier effect in macroeconomics? In order to study how the world population changes over time it is useful to consider the rate of change rather than focusing only on the ...
From FY2021-22 onwards (after 1st April 2021), the interest will be separately calculated on both these EPF accounts. Do note that this segregation and maintenance of 2 separate accounts are only for the purpose of calculation of the taxable interest. This doesn’t mean that you will now ac...
Investment income taxed at ordinary income tax rates If you have taxable interest, whether it's from bonds or a savings account, you include the interest with
Interest is calculated at the rate of 1% per month or part thereof for the period of delay, and it is calculated on the amount of tax that is unpaid. Section 234B of the Income Tax Act deals with the interest penalty that is charged for non-payment or short payment of advance tax. ...