EPF, PPF interest is tax-freeByTeena Jain
The interest earned in your PPF account and the amount you withdraw is also tax free as of now. (Called EEE tax status. Each E is for Except at the Pricipal-Interest-Withdraw stages.) PPFused to have 12% return every year for a long time! Now it varies each quarter. It’s 7.1% r...
which is entirely tax-free. PPF also permits sufficient liquidity. This investment helps you develop a safety fund for your family. You may take a tax-free pension and utilize the money to save for your retirement.
Which is better PPF or SIP? One way to invest in mutual funds is through a systematic investment plan, or SIP. It enables you to regularly invest a certain amount of money in a mutual fund plan. SIP and PPF do not preclude one another. You can invest in both PPF and SIP to ...
In India, options like Section 80C of the Income Tax Act, involve investments in the Provident Fund, Public Provident Fund (PPF), Equity-Linked Savings Scheme (ELSS), National Savings Certificate (NSC), among others, aim to lower taxable income and maximize savings. Retirement Planning: ...
to your PPF in India on a non-repatriation basis until it’s 15th-year maturity, or whenever the subsequent maturity date is. Irrespective of your current residential status, any amount that is deposited towards an open PPF will still be considered tax-exempt under Indian income tax law. ...
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The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice." The transaction involves the ...
Many major banks and financial institutions in India offer the facility of opening an NRI Account. These accounts provide numerous facilities with respect to the currency denomination, transferability of the amount, tax, etc. But do you know everything about NRI Accounts? Let’s learn in det...
A tax deduction is defined as an amount that an individual or corporation can deduct from their taxable income to decrease the tax amount they owe to the government. An individual can opt for the itemized or standard deduction for their tax return....