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, Dec 30, 2019
PPF Account: Public Provident Fund or PPF rules say that having more than one PPF account is illegal and one can't avail of any of the PPF benefits in the second account.
Fri, Dec 27, 2019
Income tax outgo can be saved by an earning individual if he or she is well aware of Section 80C of the Income Tax Act 1961.
Tue, Dec 24, 2019
PPF New Rules: Earlier, a PPF account holder was allowed to invest money only 12 times in a year. Now, this maximum number of investments cap in PPF account has been abolished.
Mon, Dec 23, 2019
PPF Account: PPF rules say that one's PPF account can't be attached against a court decree for the recovery of one's unpaid dues.
Thu, Dec 19, 2019
PPF vs ELSS Mutual Fund: Public Provident Fund (PPF) or Equity Linked Saving Scheme (ELSS) mutual funds have many similarities when it comes to income tax savings.
Wed, Dec 18, 2019
EPF balance check without UAN number is possible. What you need is to log in at the EPFO's official website epfindia.gov.in.
Tue, Dec 17, 2019
PPF Rules: The Union government has notified new Public Provident Fund (PPF) rules under which the amount in the PPF account will not be liable for attachment.
Fri, Dec 13, 2019
PF Withdrawal: One should avoid PF withdrawal as the money getting accumulated into the PF account is meant for the retirement funds.
Wed, Dec 11, 2019
National Pension Scheme: An investor investing in this option will get Rs 50,000 income tax exemption under Section 80CCD, which is different from Section 80C tax exemption.
Tue, Dec 10, 2019
Income tax outgo can be saved by an earning individual if he or she takes advantage of these tips and thereby save money.
Mon, Dec 09, 2019
EPFO or Employees Provident Fund Organisation may soon allow EPF account holders to decrease their Provident Fund or PF contribution below 12 per cent. However, tax and investment experts have a warning for them.
Wed, Nov 27, 2019
PPF vs NPS: Both Public Provident Fund (PPF) and National Pension System (NPS) scheme are considered good investment options, but more money can be made if right decisions are taken.
Tue, Nov 26, 2019
EPF balance check online without the UAN number is possible. What you need is to log in at the EPFO's official website epfindia.gov.in.
Income Tax Alert: An investor investing in this option will get Rs 50,000 income tax exemption under Section 80CCD, which is different from Section 80C tax exemption, say experts.
Fri, Nov 22, 2019
Money Tips: Oh, to become rich! Turn that cry of despair around and instead try this! Well, an ideal ratio of fund allocation in Bank FD, Debt Funds and Equity Mutual Funds has to be maintained, says experts. And what is that money-making ratio? Read on!
Fri, Nov 15, 2019
Today's investors have moved forward from bank FDs and PPF because they have options like mutual funds, equities, etc. that can give them returns in double-digit.
Thu, Nov 14, 2019
Sukanya Samriddhi Yojana vs PPF: In SSY one can invest up to 14 years of one's child while in Public Provident Fund there is no time bar on one's investment.
Wed, Nov 13, 2019
Children's Day 2019: On November 14th, gift your children PPF Minor account to make them rich going forward and get EEE benefits under Section 80C of the Income Tax Act 1961 too.
Mon, Nov 11, 2019
Customary retirement schemes like Public Provident Fund or PPF, debt-mutual funds and bank fixed deposit or bank FD yield a lesser amount of money than this scheme.
Fri, Nov 01, 2019
This PPF account will also garner the same benefits to the father or mother that he or she has been given under Section 80C of the Income Tax Act 1961.
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