PPF Calculator: PPF account is a risk-free investment and tax-saving tool backed by the central government. If you invest Rs 12,500 every month in the Public Provident Fund, you can accumulate a good fund of around Rs 41 lakh during the investment period.
Add informalnewz.com as a Preferred Source
PPF Calculator: Public Provident Fund (PPF) account is a risk-free investment and tax-saving tool backed by the central government. This small savings scheme offers attractive long-term returns. Currently, PPF offers 7.1% interest. The maturity period of a PPF account is 15 years, but it can be extended indefinitely in blocks of 5 years. This makes it an excellent option for building a retirement corpus.
If you invest Rs 12,500 every month in the Public Provident Fund, you can accumulate a good fund of around Rs 41 lakh during the investment period. You can contribute a minimum of Rs 500 and a maximum of Rs 1.5 lakh within a financial year. However, the contribution can be made only once per month.
Let’s understand how much return you will get from PPF calculator
Monthly investment: Rs 12,500
Annual investment: Rs 150000
Time period: 15 years
Interest rate: 7.1%
Invested amount: Rs 2250000
Total interest: Rs 1818209
Maturity value: Rs 4068209.
PPF accounts have a tenure of 15 years, but you can extend them in blocks of 5 years. However, if a PPF account holder uses the extension benefit and avails compounding benefits for the next 15 years, he can earn Rs 1.5 crore in 30 years.
Benefits of PPF
PPF Security: PPF is backed by the government, making it a safe investment option.
Tax Benefits: The Public Provident Fund scheme is quite popular among taxpayers. One of the important reasons for its popularity is that PPF falls under the exempt-exempt tax status.
PPF is eligible for EEE tax exemption. Under Section 80C of the IT Act, PPF deposits are tax-deductible up to Rs 1.5 lakh per financial year. Apart from this, the interest generated from the investment and the PPF maturity amount are also tax-free.
🙏 Support Independent Journalism
We keep news free for you.
Most readers support with ₹500 ❤️
or scan QR below
Voluntary contribution. No tax benefits.
Add informalnewz.com as a Preferred Source
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
