Very nice information about PPF

Discussion in 'Money Matters' started by AnjanaSawant, Jan 23, 2015.

  1. AnjanaSawant

    AnjanaSawant Gold IL'ite

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  2. Ooviya

    Ooviya Platinum IL'ite

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    thanks for sharing... very informative...Shall i invest rs.1L as one time investment in PPf, cant contribute consecutive years???
     
  3. AnjanaSawant

    AnjanaSawant Gold IL'ite

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    yes, you can. PPF investment is always a good investment. You can take it as a retirement saving option :)

     
  4. Ooviya

    Ooviya Platinum IL'ite

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    Thank u... ppf in post office or bank -which one is best?? which bank-ppf is best??
     
  5. pocahontas

    pocahontas Gold IL'ite

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    From what I know, you have to absolutely make annual contributions - minim 500 and max is now 1.5 lakhs. If you miss one year - you are fined.
     
  6. indoc

    indoc Gold IL'ite

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    is there any tax on maturity...
    I mean, lets say I invest 1L per year for 15 years.. after 15 years, this would be about 30L (as per some online calculators).. will I have to pay tax when withdrawing this amount. If so how much?
     
  7. Shanvy

    Shanvy IL Hall of Fame

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    @indoc
    the money you invest in PPF is exempt from tax under Section 80C, the interest you earn on the investment is also exempt from tax.and wealth tax.

    And another thing that is interesting in this investment instrument, though it says 15 years period, you can extend another 5 years, provided you get it extended before the completion of the 16 year..

    most of the other important points are in the link shared.

     
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  8. indoc

    indoc Gold IL'ite

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    @Shanvy..
    Thanks for info..
     
  9. AnjanaSawant

    AnjanaSawant Gold IL'ite

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    yes, fine is Rs. 50 for a year if you do not contribute.

     

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