PPF Calculator
What is a PPF Calculator?
A PPF calculator can assist you in determining the investment value of your Public Provident Fund (PPF) over a specific period of time. PPF is a government-backed savings programme with a number of advantages. This long-term investment option has a lock-in period of 15 years and provides higher returns than other options like fixed deposits. PPF is a fantastic strategy to lower your tax burden while you are employed.
When you use an online PPF calculator, the calculator will simply apply the PPF calculation formula to determine the final value of your investment after a specific amount of time has passed and a specific PPF account interest rate.
Calculations might not come naturally to all of us. If you intend to invest in PPF but are unsure of how much to invest or how much return you might gain on investing a certain amount, PPF calculator is the best choice. The PPF account calculator uses a The ppf return calculator uses a 15-year tenure and the current interest rate to compute returns after you've decided how much you can decide to spend regularly.the current interest rate to compute returns after you've decided how much you can decide to spend regularly.
Benefits of the PPF Calculator
Calculating your returns is simple with an online PPF calculator. However, there are some added advantages. The following benefits of utilising the online PPF calculator India include.
Setting a goal: If you have a goal in mind, you may check with the inputs in our online PPF calculator. The calculator can easily determine how much you'll need to put in each year to reach your objective.
Easy calculations: The formula for calculating PPF is somewhat complicated. When performing calculations manually, mistakes may occur. If you want to understand how your annual contributions affect the final value, it could be particularly challenging.
Accurate tax results: Using a calculator can help you plan your taxes since you'll be able to determine how much you can deduct annually under Section 80C of the Income Tax Act, 1961 once you know how much you'll need to donate annually.
Contact Us
Have questions or need assistance? Reach out to our support team for help with your investments.
Email UsThe Following Considerations Must Be Made Before Utilising the PPF Calculator.
A maximum of ₹1.5 lakhs may be deposited into your PPF account in any one fiscal year.
You can fund your PPF account with as low as ₹500 per year.
Once a year, the interest is compounded ( at the financial year-end ).
The PPF account's earnings are completely tax-free.
The PPF interest rate may fluctuate every three months, as stated by the Ministry of Finance.
Frequently Asked Questions (FAQs)
- How much tax can be avoided using PPF?
A bank or post office are both places where you can open a PPF account. Under Section 80C of the Income Tax Act, PPF gives a deduction of up to ₹1.5 lakh for the amount invested during the financial year. The PPF is tax-exempt since it fits under the exempt category, hence the interest and maturity amount are tax-free.
- What is the maturity period of the PPF account?
The PPF account maturity date is 15 years following the end of the financial year in which the original subscription was made, per the PPF system standards for 2019.
- When can we withdraw PPF amount?
Following its 15-year maturity term, your PPF account will be open for withdrawals. Additionally, partial withdrawals are allowed up until the account's maturity.
