What are the tax advantages of investing in PPF?
PPF enjoys EEE
status when it come to tax. This means that PPF is exempt from tax on all its 3
components- a) initial investment, b) interest, c) maturity amount
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What are the other advantages of PPF?
Apart from tax benefits, there are other advantages of investing in PPF You can get a loan against your PPF between 3rd to 6th financial year. You can make partial withdrawals after 7th financial year of holding period. Account can be extended in a ...
How is ELSS different from other tax saving options like PPF & NSC?
ELSS is different from other tax saving investments in many ways. While most of them are debt instruments, ELSS is equity based. It has a relatively lower lock-in than schemes like PPF, NPS, etc. However, being market linked, it takes on more risk to ...
Which is better - NSC or Tax saving FDs?
There are many advantages of investing in NSC over Tax saving FDs. The interest accrued in the NSC will not attract TDS (Tax deducted at source). Bank FDs attract a 10% TDS deduction if the interest earned in a financial year is more than Rs.10,000. ...
What is PPF?
Public Provident Fund (PPF) scheme is a popular long-term investment option backed by the Government of India which offers safety with returns in the form of interest, which is compounded annually.
Tax Relief
You can claim the tax relief as per DTAA selected in foreign income. Section 90/ 90 A- DTAA is applicable. You will get the full benefit of tax U/S 90/90A Section 91- DTAA is not applicable. You will have to pay tax in the country where you are ...