Mon, Mar 25, 2024
PPF: Public provident fund is one of the popular post office schemes that falls in the Exempt-Exempt-Exempt (E-E-E) category. It means deposits, interest and withdrawals under the scheme are tax exempt. The scheme provides tax benefits on deposits of up to Rs 1.50 lakh under Section 80C of the Income Tax Act. The lock-in period is 15 years but one can get indefinite extensions of five years of blocks. If one continues their investment in the scheme for a certain period, they can generate a retirement corpus of over Rs 2.25 crore, of which over Rs 1.74 crore will come only through interest. Know calculations.
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Fri, Feb 23, 2024
PPF offers tax exemption, coupled with the allure of tax-free returns, making it a preferred choice over other investment options.
Tue, Feb 13, 2024
There are many investment schemes such as Public Provident Fund, National Pension Scheme, Fixed Deposit, ELSS, and Tax-free Bonds, where senior citizens may get good returns and tax exemption up to Rs 2 lakh. Know about such schemes here-
Mon, Sep 24, 2018
The government of India recently announced the much-desired hike in the interest rates on small savings schemes.
Sat, Sep 22, 2018
Sukanya Samriddhi Yojana Post Office account vs PPF vs NSC vs Kisan Vikas Patra vs Small Savings: After a long wait, the Government of India has hiked interest rates for Small Savings Schemes.
Thu, Sep 20, 2018
It needs to be noted that now, investment in these schemes looks way more attractive than what banks are offering you.
Sat, Sep 08, 2018
Bank Investment Schemes: Public and private sector banks offer a number of investment schemes that are safer, some with assured returns, than market-driven stocks.
Tue, Apr 03, 2018
The EPFO operates a retirement scheme called Employees' Provident Fund (EPF). However, this is not the only retirement scheme that is available in the market.
Tue, Mar 06, 2018
PPF is a preferred investment option is because of its tax efficiency and its eligibility for tax deduction under section 80C. However, one can avail the same tax deduction of Rs. 1.50 Lakh, with higher post tax returns, by investing in ELSS (Equity Linked Saving Scheme). The returns from ELSS are higher even after considering the proposed long-term capital gains tax of 10%, that has been introduced in the recent budget.
Tue, Feb 27, 2018
Recent introduction of the Universal Account Number (UAN) has made accessibility of the EPF account easier.
Thu, Feb 22, 2018
Retirement fund body EPFO has lowered the rate of interest on employees provident fund to 8.55 per cent for its over 6-crore subscribers for 2017-18, from 8.65 per cent in the previous fiscal.
Fri, Dec 22, 2017
Only three months are left for the financial year to end and this is the high time that you plan your tax savings. Let's have a look of some of the ways that can help you save your income tax.
Mon, Dec 04, 2017
You don't need to have a huge amount in your bank balance for investment. There are a few portals, provided by government if India, where you can start your investment from a meagre amount of Rs 12 to Rs 500.
Tue, Nov 21, 2017
If you are planning to claim tax benefits, start investing in the first quarter of a financial year so that you can spread your investments over the years.
Fri, Sep 08, 2017
Though the legal battle with Supreme Court has ended, the government is expanding the use of Aadhaar with each passing day.
Fri, Jun 30, 2017
Right from provident fund to savings deposits, the ministry of finance has brought down interest rates on small savings scheme for Q2FY18.
Thu, Apr 13, 2017
Labour Minister Bandaru Dattatreya said on Thursday that EPFO has decided to provide 8.65% interest rate on provident fund (PF) deposits for the financial year 2016-17 (FY17).
Fri, Mar 31, 2017
The government has lowered interest rates on small saving schemes like Public Provident Fund (PPF), Kisan Vikas Patra and Sukanya Samriddhi Scheme by 0.1% for the April-June quarter of the fiscal year 2017-18 (FY18).
Wed, Mar 22, 2017
The NSC is a one-shot investment where you can invest as less as Rs.100 to as much as Rs.1.5 lakh at a time.
Tue, Apr 19, 2016
There are many schemes that the Indian government has initiated to reinforce India’s economic development and the financial stability of its citizens.
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