EPF, PPF interest is tax-freeByTeena Jain
Is PPF investment is Tax-free? Yes, both the interest earned and the maturity amount on investments up to ₹1.5 lakh in a year in PPF are tax-free. But that’s not all as contributions in a PPF account also qualify for deductions while interest earned is tax-free. How is the PPF...
More reasons to choose ICICI Bank’s PPF Account Assured returns with low risk Invest in a safe option and get assured returns Completely tax free Amount deposited upto Rs. 1.5 Lacs a year, interest earned yearly & maturity amount is tax free Save small and build wealth Build wealth ...
The PPF is tax-exempt since it fits under the exempt category, hence the interest and maturity amount are tax-free. What is the maturity period of the PPF account? The PPF account maturity date is 15 years following the end of the financial year in which the original subscription was made...
It is a tax-free investment option that provides an individual with a secure and low-risk investment option. What is the lock-in period of PPF investment? The funds invested in a PPF account have a lock-in period of 15 years and the maturity period is 15 years from the date of ...
PPF Account: Axis Bank's Public Provident Fund Account is a safe investment which offers competitive interest rates, tax exempted returns & more. Open PPF account online!
Interest earned on the PPF account is fully exempt from tax under Section 10 (11) of the Income Tax Act. Tax Advantages under PPF Interests are tax-free and contributions are eligible for tax exemption under Section 80C of the Income Tax Act. Withdrawals are also fully exempt from tax....
If you have a daughter under 10 years of age, then you can open a Sukanya Samriddhi Account in her name. This scheme is very similar to PPF where the maximum deposit is capped at 1.5 lakh a year and the interest is tax free.
Nomination: PPF account holders can designate a nominee at the time of account opening or later. Risk-Free Investment: With government backing, PPF ensures guaranteed, risk-free returns, providing a stable element in an investor's portfolio. Tax Benefit: PPF interest and maturity amounts enjo...
6. Tax Advantages The tax rebate is the main attraction of PPF. The interest earned is completely tax-free. You may also like to knowList of Banks offering PPF Account Do Enjoy Reading10 Best Real Estate Apps for Canadians 2025 How To Calculate The Interest Using PPF Calculator?