PPF for Regular Income: How to plan for over Rs 7 lakh a year tax-free income?
Most people are unaware that they can use their Public Provident Fund (PPF) investment to generate regular income. Yes, you read that right! PPF is a government-backed small savings scheme with a lock-in period of 15 years, which can help you generate a regular income. Let's
Public Provident Fund (PPF) is a popular investment scheme for a number of reasons. The prominent reason is tax-free income. PPF contributions made every year are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. The deductions can be claimed by anyone up to the same limit. The deduction limit for PPF deposits is Rs 1.5 lakh annually.
Currently, the Public Provident Fund is offering interest at 7.1 per cent with yearly compounding. You can invest in a PPF account for a minimum of 15 years and avail any number of 5-year extensions eventually to avail tax benefits of up to Rs 1.5 lakh a financial year under Section 80C of the Income Tax Act and earn a tax-free amount on maturity.
In this article, let’s take a look at a context where you can invest your funds wisely to plan for over Rs 7 lakh a year tax-free income.
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What is PPF?

Public Provident Fund is considered a secure way to save for your future. It allows you to invest up to 1.5 lakh in a year. The PPF offers guaranteed returns and tax benefits under Section 80C of the Income Tax Act of 1961. Anyone can open an account, whether you're working, self-employed, or a parent wanting to save for your child's future.
What is minimum PPF investment?c

Tax benefits in PPF

Can you withdraw PPF amount before maturity period of 15 years?

What happens to PPF account after 15 years?

How to plan for over Rs 7 lakh a year from PPF?

What will be PPF corpus after 15 years?

What will be PPF corpus after 20 years?

What will be PPF corpus after 24 years?

What is next step after 24 years of investment?
