public provident fund - Page 3

6 Things to know about Public Provident Fund

As we all aware that the Public Provident Fund (PPF) is considered as most important and safe amongst all tax saving investments schemes.  This scheme is falls under the EEE category i.e Exempt, Exempt and Exempt which actually means if you invest in it, you will get a deduction u/s 80C on your income. Further, […]...

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Difference between PPF Scheme, 1968 and PPF Scheme, 2019

Public Provident Fund ( PPF) was initially introduced in India in 1968, which is now overruled by the new scheme introduced by Central Government on 12th December, 2019 i.e Public Provident Fund Scheme, 2019 vide notification No. G.S.R. 915(E).  As we all aware that the Public Provident Fund (PPF) is considered as most important and [&he...

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Posted Under: Income Tax |

How to extend PPF account beyond 15 years

We have to initially open the Open the PPF account for 15 years and after the initial period of 15 years is over, one can keep on extending the deposit for a period of 5 years at a time. In fact, this is where the magic of PPF begins. One need not start a fresh PPF account and continue it for all of 15 years — just extend the old one fo...

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Public Provident Fund – Best investment destination

Introduction PPF is money that will be yours forever. Knowledge of the different features of the PPF account will help you when you want to take a loan against the account, withdraw from the account, re-activate a discontinued account etc. Here an attempt is made to introduce you all features of Public Provident Fund (PPF) […]...

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Posted Under: Income Tax |

Everything You need to know about PPF (Public Provident Fund)

Article explains What is Public Provident Fund (PPF), Who can Invest under PPF Scheme, Rate of Interest on PPF and Taxability, Tax Benefits from Investment in PPF, Minimum and Maximum Deposit in PPF, Period and Lock in period, How to Open a PPF A/C, Documents required for opening PPF account, Closure of PPF Account and […]...

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Posted Under: Income Tax |

How to withdraw amount from PPF Account

(i) Anytime after the expiry of 5 years from the end of the financial year in which the initial subscription for Public Provident Fund (PPF) Account was made, the subscriber may withdraw 50% of the balance to his credit at the end of 4th year immediately preceding the year of withdrawal or the amount at the […]...

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Tax effect in case of premature closure of PPF Account

Tax Relief on contributions to Public Provident Fund (PPF) Account in case of premature closure of the Account:- A point was raised by the State Bank of India Main Branch Bombay as to whether a partial withdrawal in excess of the prescribed limits or premature closure agreed to by the competent authority would have any effect on the relie...

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PPF – Loans and Withdrawals

Article explains When to withdraw money from PPF or take loan against PPF Deposit, Extracts of Public Provident Fund Scheme, 2019 facilitating loan from PPF account, Different between Loan From PPF and Withdrawal of PPF amount,  Who can avail loan facility against PPF, How much loan you can take against PPF and Withdrawals from PPF [&hel...

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Want to use the money in your PPF account? Know the rules

Public Provident Fund (PPF) account is an excellent tool for tax planning as well as for accumulating funds for retirement. The money in PPF account is not supposed to be used any other purpose except under exceptional circumstances. PPF rules allow you to use the money before its maturity. Let us discuss how one can […]...

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PPF (Public Provident Fund) Account

What is PPF (Public Provident Fund) Scheme ? The full form of PPF is Public Provident Fund Scheme. Public Provident Fund scheme of the Central Government was framed under Public Provident Fund Act, 1968. ...

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