There is an option to extend the tenure of the account in a block of five years after the 15 years maturity. PPF falls under the Exempt-Exempt-Exempt (EEE) category.ĮEE category means that your investment qualifies for a deduction, the interest earned during the accumulation is also exempted while the income you generate from the investment would not be taxable at the time of maturity. Although, those planning to invest in the scheme should keep one think in mind that the scheme comes with an initial lock-in period of 15 years. PPF account can be opened in a bank or in post office. The scheme is backed by the central government and offers high risk-free returns. It's a risk free investment scheme with promising returns due to its compounding power. The craze for this investment scheme has not waned over the years. If there has been one investment scheme that has continued to rule for decades is the Public Provident Fund (PPF). Here's a brief guide to popular tax saving tools with a promising return
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