The interest earned is tax exempt under Section 10, while the principal qualifies for a deduction under Section 80C of the Income Tax Act, 1961. Any amount deposited beyond the ₹1.5 lakhs maximum won’t carry any interest or tax benefits, and will instead be refunded to you without intere...
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...
This scheme is eligible for tax savings under Section 80C of the Income Tax Act of 1961. You can claim tax deductions on the capital invested up to Rs.1,50,000. Furthermore, the PPF program is based on the EEE taxation paradigm. As a result, both the maturity amount and the earned ...
Tax Benefits Contributions to a PPF Account are eligible for Tax deductions under Section 80C of the Income Tax Act, up to a limit of Rs 1.5 lakh per year. The interest earned on the PPF Account, and the maturity amount are exempt from Tax, making it a Tax-efficient investment option....
Tax Benefit Under Section 80C, interest is tax exempt *The interest rate is currently 8.80% p.a. This is subject to change. What changes were made in the PPF when small savings schemes were revamped last year? 11th November, 2011 turned out to be an interesting day for small savings ...
PPF or Public Provident Fund is a long-term fixed income savings scheme offered by the Government of India. It offers tax benefits as well as fixed and guaranteed returns. It is one of the tax-saving instruments under Section 80C of the old regime of Income Tax Act. The PPF tenure is ...
Contributions to PPF are exempt from tax under Section 80C of the Income Tax Act. You can avail the scheme through Indian banks or post offices in your area. Gaining online access to your PPF account allows you to check your balance and make PPF Online Payment. Retire Confident Invest in...
PPF is one of the investment vehicles which fall under the Exempt-Exempt-Exempt (EEE) category. This means that all the deposits made in the PPF account are deductible under Section 80C of the Income Tax Act. Also, the accumulated amount and interest is exempt from tax at the time of wit...
Deposits made in PPF accounts Upto a maximum limkit of Rs. 1,50,000/- eligible for deduction under limit of Section 80C of Income Tax Act. On maturity, the entire amount including the interest is non-taxable. Entire deposit in a PPF account is exempt from the Wealth Tax.Minimum And Max...
Unless you have been hibernating for a few months, there is no way you have not heard about the song "Kolaveri Di".It is a song from an upcoming Tamil film, and the lyrics are in Tamil and English.The song is HUGELY popular - not only in Tamilnadu, not only in Southern India, not...