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 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...
1.5 lakhs per financial year under Section 80C SIP or PPF – Which is better? The differences between PPF or SIP are as follows: FactorsPPFSIP Investment type Debt-oriented Market-linked Returns Fixed Potentially higher, but also more volatile Liquidity Low High Tax benefits Available Available ...
Interest earned on the investment is completely exempt from tax under Section 10 (11) of the Income Tax Act.. On maturity, the entire amount including the interest is non-taxable. One should show the interest income of PPF account in the section of exempt income as shown in our articleFill...
Interest on PPF investment is eligible for tax exemption and the investment itself is eligible for Tax deduction under section 80C of the Income Tax Act, 1961 up to Rs. 1,50,000. The investor can also file for nomination under the PPF scheme by submitting a Form E in this regard and su...
The amount you put in depends on what your age is and what investment class suits you best. A younger person could put all his money into tax saving mutual funds (ELSS) which will give him more returns than a PPF. Having said that, I think that investments should not be made to save...
This long-term investment option has a lock-in period of 15 years and provides higher returns than other options like fixed deposits. PPF is a fantastic strategy to lower your tax burden while you are employed. When you use an online PPF calculator, the calculator will simply apply the PPF...
Investments in VPF are considered equivalent to investment in any other investment instruments under section 80C. The tax exemption is till Rs.1.5 lakh. VPF is deposited to your existing PF account Theoreticallyone can start contributing to VPF any time and can stop contributions at any time as ...
Any investment is tax free (under section 80C of Income Tax laws). 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.) ...
Comparison tool: You can use the calculator to compare the potential returns of PPF with other investment options to get an idea of which investment tool can provide you with the best returns. Scenario analysis: The PPF calculator allows you to experiment with different scenarios by adjusting vari...