public provident fund

Tax Saving – Public Provident Fund ( PPF)

Finance - P.P.F. Account is a LONG TERM SAVING INSTRUMENT provided by the CENTRAL GOVERNMENT, came into force from 1 July 1968. This investment gives us ASSURED RETURNS & PROVIDE OLD AGE INCOME SECURITY TO EVERY ONE. By investing in P.P.F Account we can see the POWER OF COMPOUNDING in the long run. This account is under […]...

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All about Public Provident Fund- an investment Avenue

Finance - Public Provident Fund (PPF) has always been lucrative investment avenue for those who wish to earn stable return without any risk. However the interest rate is subject to revision every quarter, but the returns are assured because investment in PPF is not market linked. The current rate of interest is 7.1% Salaried employees have the [&he...

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Tax Saving Investment Options & Deductions for Individual & HUF

Finance - Tax Saving Investment Options and Deductions under Income Tax for Individual and HUF I have brief the deductions available to Individual and Hindu Undivided Family for Assessment Year 2020-21. To claim deduction in any year, it is necessary to invest in that year. Due to Covid Pandemic, Govt. has extended the date to 31.07.2020 for [&hell...

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EPF Vs. VPF Vs. PPF

Finance - 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....

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Revised Public Provident Fund (PPF) Scheme w.e.f 12.12.2019

Finance - 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 und...

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Rate of interest w.e.f. 01.01.2018 to 31.03.2018 on small savings schemes

Finance - The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:...

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Government of India makes Amendments in Small Savings Act

Finance - 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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Public Provident Fund (PPF) Scheme for unorganised sector

Finance - Subject to the provisions contained in section 16, the Employees’ Provident Funds & Miscellaneous Provisions Act., 1952 applies to scheduled establishments employing 20 or more persons. The establishments which are not coverable statutorily could be covered on voluntary basis if a majority of the employees and employer are willing. For ...

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PPF, MIS, and other Post office Deposit Scheme to earn higher interest from 1st December, PPF limit raised to 100000

Finance - The finance ministry has notified rules which will pave the way for small savings account holders to earn higher returns from December 1. Earlier this month, the government had accepted the recommendations of a panel which would help investors earn higher interest on small savings schemes.An expert panel, headed by former RBI deputy gover...

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No fixed return on PPF

Finance - Ministry of Finance, Department of Economic Affairs (Budget Division)Government has vide its office memorandum No. No. 6-1/2011-NS.II (Pt.) Dated 11th November, 2011 announced increase in interest Rates on small saving schemes which includes interest rate on Public Provident Fund and other schemes. To address the issue of asset-liability...

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Public Provident Fund (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 290(E) - (05/05/2020) - 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...

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Massive interest rate cut on Small Savings PPF/ SSA/ NSC/KVP/SCSS

F. No. 1/4/2019-NS - (31/03/2020) - 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 [&hellip...

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No penalty/revival fee in RD/PPF/SSA Accounts till 30.06.2020

SB Order No. 14/2020 - (31/03/2020) - 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...

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PPF Scheme- Amendments to procedural rules

S.B. Order No. 08/2020 - (14/02/2020) - Amendments to procedural rules relating to Public Provident Fund Scheme in POSB (CBS) Manual in the light of recent changes circulated vide SB Order 13/2019 dated 18.12.2019....

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Public Provident Fund Scheme, 2019 | PPF Scheme, 2019

Notification No. G.S.R. 915(E). - (12/12/2019) - An individual may open a PPF account by making an application in Form-1. (2) An individual may also open one account on behalf of each minor or a person of unsound mind of whom he is the guardian:...

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Recent Posts in "public provident fund"

Tax Saving – Public Provident Fund ( PPF)

P.P.F. Account is a LONG TERM SAVING INSTRUMENT provided by the CENTRAL GOVERNMENT, came into force from 1 July 1968. This investment gives us ASSURED RETURNS & PROVIDE OLD AGE INCOME SECURITY TO EVERY ONE. By investing in P.P.F Account we can see the POWER OF COMPOUNDING in the long run. This account is under […]...

Read More
Posted Under: Finance |

All about Public Provident Fund- an investment Avenue

Public Provident Fund (PPF) has always been lucrative investment avenue for those who wish to earn stable return without any risk. However the interest rate is subject to revision every quarter, but the returns are assured because investment in PPF is not market linked. The current rate of interest is 7.1% Salaried employees have the [&he...

Read More
Posted Under: Finance |

Tax Saving Investment Options & Deductions for Individual & HUF

Tax Saving Investment Options and Deductions under Income Tax for Individual and HUF I have brief the deductions available to Individual and Hindu Undivided Family for Assessment Year 2020-21. To claim deduction in any year, it is necessary to invest in that year. Due to Covid Pandemic, Govt. has extended the date to 31.07.2020 for [&hell...

Read More
Posted Under: Finance |

Public Provident Fund (Amendment) Scheme, 2020- Interest Rate Notified

Notification No. G.S.R. 290(E) (05/05/2020)

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 ...

Read More

EPF Vs. VPF Vs. PPF

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....

Read More
Posted Under: Finance |

Massive interest rate cut on Small Savings PPF/ SSA/ NSC/KVP/SCSS

F. No. 1/4/2019-NS (31/03/2020)

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 […]...

Read More

Revised Public Provident Fund (PPF) Scheme w.e.f 12.12.2019

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 und...

Read More
Posted Under: Finance | ,

No penalty/revival fee in RD/PPF/SSA Accounts till 30.06.2020

SB Order No. 14/2020 (31/03/2020)

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...

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How to maximise your return with PPF?

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'...

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Posted Under: Finance |

Public Provident Fund (PPF) – Tax benefit and Returns

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....

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Posted Under: Finance |

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