Income Tax : The article explains why select savings instruments continue to enjoy Exempt-Exempt-Exempt status and how they deliver complete ta...
Corporate Law : Discover the new PPF rules effective October 1, 2024, impacting minors, multiple accounts, and NRIs. Stay informed about important...
Finance : Learn about PPF for NRIs: eligibility, tax benefits, investment conditions, and common queries answered. Navigate the rules for se...
Income Tax : When it comes to tax-saving investments in India, there is no shortage of options. Among the most popular choices are the Tax-Savi...
Income Tax : Explore Public Provident Fund's benefits, history, eligibility, tax advantages, and more. Understand why PPF is a favored investme...
Finance : At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five fin...
Finance : As per PPF Act, the PPF account can’t be closed prematurely before completion of five financial years. If depositor wants to clo...
Income Tax : Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Sch...
Finance : The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savings Scheme, 2004 (SCSS 2004), and ...
Income Tax : On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Ac...
Corporate Law : It is in the said situation that the captioned writ petition has been filed by the petitioners seeking a direction to re-credit th...
Service Tax : Read the case of State Bank of India vs Commissioner of Service Tax and importance of discretion in handling funds under PPF accou...
Finance : Public Provident Fund account shall not be liable to any attachment in respect of any debt or liability incurred by the account ho...
Finance : The government has kept small savings interest rates unchanged for April–June 2026, ensuring continued stable returns for invest...
Finance : The government has decided to keep small savings interest rates unchanged for January–March 2026. The move ensures stability and...
Finance : The government has kept interest rates on PPF, NSC, SCSS, Sukanya Samriddhi, and other small savings schemes unchanged for Q3 FY 2...
Income Tax : The Government of India keeps Small Savings Schemes interest rates unchanged for Q1 FY 2025-26 (April–June 2025), as per the Min...
Finance : Interest rates for Small Savings Schemes for Q4 of FY 2024-25 will remain unchanged from Q3, effective January 1, 2025....
In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic. the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has been reduced by 25% for the period from 14th May, 2020 to 31st March, 2021.
Public Provident Fund (Amendment) Scheme, 2020- The deposits made in the account between 12th December, 2019 to 31 st March, 2020 (both days inclusive) and the balances at the credit of the account shall bear interest at the rate of 7.9 per cent. per annum. Lowest balance at the credit of an account between the close of the fifth day and the end of the month shall be eligible for interest.
Article compares EPF (Employees Provident Fund), VPF (Voluntary Provident Fund) and PPF (Public Provident Fund) with reference to Opening Account for such accounts, Interest Rate, Tax Benefit, Period of Investment, Loan Availability, Employer Contribution on Basic + DA, Employee Contribution on Basic + DA and Taxation on Maturity Returns. EPF (Employees Provident Fund) VPF (Voluntary […]
The Public Provident Fund (PPF) account/ Sukanya Sarnriddhi Account (SSA) holders will be eligible to make a single deposit each in account(s) opened in his own name and/or account(s) opened in the name of minor(s), as the case may be for FY 2019-2o till 30.06.2020 subject to the condition of maximum deposit ceilings prescribed in the PH/ SSA scheme provisions.
Where to Open a PPF account?: A PPF account can be opened at any SBI Branch or at any Branch of its subsidiary bank. You can also visit any nationalised bank in your neighbourhood or head post office or selection grade sub-post offices to open a PP
Government has declared Rate of Interest on Small saving for the Quarter of April 2020 to June 2020 with Massive cut in in interest Rate ranging from 0.70 to 1.40 % per annum. For example rate of interest on PPF been reduced by 70 basis points to 7.1% per annum and same on Sukanya Samriddhi […]
Interest 8.6% w.e.f 01.12.2011 (subject to change as per GOI/RBI directives) to be applied annually. (1) This Scheme may be called the Public Provident Fund (Amendment) Scheme, 2011 2) It shall come into force on the 1st day of December 2011. (3) The Public Provident Fund scheme is a statutory scheme of the Central Government framed under the provisions of the Public Provident Fund Act, 1968.
The subscribers of RD/PPF/SSA Accounts may deposit the mandated due amount, if any of current F.Y. (2019-20) and April, 2020 (as the case may be) in their respective accounts till 30th June, 2020 and no penalty/revival fee shall be charged
PPF is an excellent tool for long-term investment. It is risk-free as it is backed by the government. It is especially suitable for self-employed professionals and small businessmen who are not covered by the Employees’ Provident Fund. Those who don’
Eligibility – Individuals who are residents of India are eligible to open an account under the Public Provident Fund scheme. A PPF account may be opened under the name of a minor by his/her legal guardian. However, each person is eligible for only one account under his/her name.
