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PPF

Why PPF is still the Best Investment/Saving?

Income Tax - There are numerous investments for savings like Bank FDRs, Post Office Deposits, PPF, Gold, Silver, Immovable Properties, NPS etc.but if we analyse the advantages of PPF, it is Numero Uno in saving schemes/investments/ Tax saving devices. GPF or General Provident Fund is a savings scheme available to government employees. EPF or Employees...

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Tax Saving Investments

Income Tax - Introduction- The pleasure of receiving money may get reduced when a substantial part of money is paid by way of taxes. To maintain the pleasure, the money could better be invested in some tax saving schemes which will not only save taxes but will also provide returns. Let us take a look at some of […]...

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Difference Between EPF, PPF & NPS and Tax Benefits

Income Tax - The scheme was initiated under the Employee’s Provident Fund and Miscellaneous Act, 1952, for the benefit of employee after his retirement. The scheme was a collection of fund by the employer and employee. FEATURE OF THE SCHEME: ♦ Under this scheme, the employer and employee both contributes the 12% of the employee’s salary and dear...

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Income Tax deductions available to Business class person or a salaried Individual

Income Tax - Deductions are the relief provided by the government to taxpayers through which they can legally save their taxes through various platforms for e.g.- By investing their money, making allowable expenditures on which deductions are available such as Tuition fees for children, Donations made to the recognised institutions, Medical expenditur...

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Public Provident Fund India (PPF)-Brief and New changes

Income Tax - New Changes in Public provident fund (PPF) account: The Govt. of India has notified the revised Public Provident Fund Scheme 2019 on 12th December 2019, wherein a few changes have been made primarily related to the account operations. Here are five changes in PPF account rules that you must know: √ Removal of restrictions in […]...

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Govt proposes single act for PPF & Govt small savings schemes

Income Tax - At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens’ Savings Scheme....

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Government of India makes Amendments in Small Savings Act

Income Tax - As per PPF Act, the PPF account can’t be closed prematurely before completion of five financial years. If depositor wants to close PPF account before five years in exigencies, he can’t close the account. To make provisions for premature closure easier in respect of all schemes, provisions could now be made through specific scheme noti...

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Reduction of 0.1% in interest rates on Small Saving schemes

Income Tax - Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched....

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Interest rate cut by 0.10% on KVP, PPF, SCSS 2004 & Sukanya Samriddhi

Income Tax - The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage point for the quarter 01.10.2016 to 31.12.2016, and not 0.10 percentage per annum....

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Interest Rates on Small Savings Schemes w.e.f. 01.07.2016 to 30.9.2016

Income Tax - On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: ...

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Interest rates of small saving schemes for Jan 22 to Mar 22

F.No.1/4/2019-NS - (31/12/2021) - Interest rates of small saving schemes for the Fourth quarter of financial year 2021-22 starting from 1st January, 2022 and ending on 31st March, 2022 shall remain unchanged from the current rates applicable for the third quarter (1st October, 2021 to 31st December, 2021) for FY 2021-22. Small savin...

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SOP for dealing with cases of amalgamation of PPF Accounts

SB Order No. 31/2021 - (18/10/2021) - Whenever any depositor has opened more than one PPF Accounts, the second and subsequent accounts opened are treated as irregular, as an individual can open only one single account under PPF Scheme....

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Interest Rate on Small Savings Schemes for Oct 21 to Dec 21

Office Memorandum No. F.No.1/4/2019-NS - (30/09/2021) - Interest rates of small saving schemes, including PPF, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi Account Scheme, Kisan Vikas Patra of GoI for the third quarter of financial year 2021-22 starting from 1st October, 2021 and ending on 31th December, 2021 shall remain unchanged from the cur...

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Interest Rates for National (Small) Savings Schemes w.e.f. 01.07.2021

SB Order No 17/2021 - (01/07/2021) - Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on  30th  September,  2021  shall  remain  unchanged  from  the  current  interest rates applicable for the first quarter (1st April, 2021 t...

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Interest rates for Small Savings Schemes for 01.07.2021 to 30.09.2021

F.No.1/4/2019-NS - (30/06/2021) - The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current rates applicable for the first quarter (1st April, 2021 to 30th June, 2021) for FY 2021-22....

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Recent Posts in "PPF"

Why PPF is still the Best Investment/Saving?

There are numerous investments for savings like Bank FDRs, Post Office Deposits, PPF, Gold, Silver, Immovable Properties, NPS etc.but if we analyse the advantages of PPF, it is Numero Uno in saving schemes/investments/ Tax saving devices. GPF or General Provident Fund is a savings scheme available to government employees. EPF or Employees...

Read More
Posted Under: Finance |

Interest rates of small saving schemes for Jan 22 to Mar 22

F.No.1/4/2019-NS 31/12/2021

Interest rates of small saving schemes for the Fourth quarter of financial year 2021-22 starting from 1st January, 2022 and ending on 31st March, 2022 shall remain unchanged from the current rates applicable for the third quarter (1st October, 2021 to 31st December, 2021) for FY 2021-22. Small saving schemes includes PPF, NSC, Senior Citi...

Read More

Tax Saving Investments

Introduction- The pleasure of receiving money may get reduced when a substantial part of money is paid by way of taxes. To maintain the pleasure, the money could better be invested in some tax saving schemes which will not only save taxes but will also provide returns. Let us take a look at some of […]...

Read More
Posted Under: Finance |

SOP for dealing with cases of amalgamation of PPF Accounts

SB Order No. 31/2021 18/10/2021

Whenever any depositor has opened more than one PPF Accounts, the second and subsequent accounts opened are treated as irregular, as an individual can open only one single account under PPF Scheme....

Read More

Interest Rate on Small Savings Schemes for Oct 21 to Dec 21

Office Memorandum No. F.No.1/4/2019-NS 30/09/2021

Interest rates of small saving schemes, including PPF, NSC, Senior Citizen Savings Schemes, Sukanya Samriddhi Account Scheme, Kisan Vikas Patra of GoI for the third quarter of financial year 2021-22 starting from 1st October, 2021 and ending on 31th December, 2021 shall remain unchanged from the current rates applicable for the second qua...

Read More

Difference Between EPF, PPF & NPS and Tax Benefits

The scheme was initiated under the Employee’s Provident Fund and Miscellaneous Act, 1952, for the benefit of employee after his retirement. The scheme was a collection of fund by the employer and employee. FEATURE OF THE SCHEME: ♦ Under this scheme, the employer and employee both contributes the 12% of the employee’s salary and dear...

Read More
Posted Under: Finance |

Income Tax deductions available to Business class person or a salaried Individual

Deductions are the relief provided by the government to taxpayers through which they can legally save their taxes through various platforms for e.g.- By investing their money, making allowable expenditures on which deductions are available such as Tuition fees for children, Donations made to the recognised institutions, Medical expenditur...

Read More
Posted Under: Finance |

Interest Rates for National (Small) Savings Schemes w.e.f. 01.07.2021

SB Order No 17/2021 01/07/2021

Rate of interest on various National (Small) Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on  30th  September,  2021  shall  remain  unchanged  from  the  current  interest rates applicable for the first quarter (1st April, 2021 to 30th June, 2021)....

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Interest rates for Small Savings Schemes for 01.07.2021 to 30.09.2021

F.No.1/4/2019-NS 30/06/2021

The rate of interest on various Small Savings Schemes for the second quarter of financial year 2021-22 starting from 1st July, 2021 and ending on 30th September, 2021 shall remain unchanged from the current rates applicable for the first quarter (1st April, 2021 to 30th June, 2021) for FY 2021-22....

Read More

Public Provident Fund India (PPF)-Brief and New changes

New Changes in Public provident fund (PPF) account: The Govt. of India has notified the revised Public Provident Fund Scheme 2019 on 12th December 2019, wherein a few changes have been made primarily related to the account operations. Here are five changes in PPF account rules that you must know: √ Removal of restrictions in […]...

Read More
Posted Under: Finance |

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