The PPF scheme is a tax-saving investment option that secures the financial future of the individual in the long term Along with the benefit of creating the post-retirement fund, PPF provides an opportunity for the individual to gain tax benefits up to the maximum limit of Rs.1.5 lakh on t...
While I use my PPF account for tax saving, if you want the most returns you are better off with ELSS. ELSS is a mutual fund with tax saving benefits. We will look into it in depth in a future article. The reason I use it for tax saving is to serve as the “debt” and “safe...
PPF has a 15-year maturity period. Once the lock-in period is over, the subscriber can also extend the tenure for periods of 5 years. One can also open a PPF account online. Important Note -For active NRI PPF Accounts extended beyond maturity, kindly note, Post Office Saving rate of in...
Search for: Search ButtonPPFPublic Provident Fund (PPF)Updated on October 4, 2023The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by ...
Time-saving: Public provident fund calculator calculates results in a snap. This saves you the need for manual calculations even though you know the formula. Financial planning: By providing a clear projection of potential returns, a PPF interest rate calculator assists in financial planning and ...
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 over years by saving as small as ₹500 & maximum of ₹1.5 Lacs in a year ...
Public Provident Fund (PPF) is a scheme of the Central Government of India for the investment which not only generates guaranteed returns but also gives tax rebate under section 80C of Income Tax Act. PPF account can be opened for a minimum period of 15 years and can be extended indefinitely...
PPF is a preferred tax saving option among salaried individuals. It is a good option for those who wish to take up long-term investments as the lock-in period for PPF is 15 years. However, it is not the only plan that helps you save on taxes, multiple other plans and schemes, such ...
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The Formula for Calculating the PPF It would help if you used the PPF return calculator throughout the tax-planning stage of the investing process to plan your investments efficiently. When the lock-in period has gone, as long as you keep your PPF account open, you may be able to predic...