PPF Calculator is a simple online tool for PPF related calculations.
If you're saving/investing money under PPF scheme, then you may find this little tool useful for doing some calculations.
Interest earned on deposits in the PPF account are not taxable.
But the Deposits made towards PPF accounts can be claimed as tax deductions.
That’s why PPF Scheme is one of the most tax efficient Scheme in India.
A minimum yearly deposit of Rs. 500 is required to open and maintain a PPF account, and a maximum deposit of Rs.1.5 lakhs (as on Financial year 2015-2016) can be made in a PPF account in any given financial year.
Any Indian resident can open an account with any nationalized bank (SBI, PNB, Central Bank of India etc.) or post office or some authorized private banks (ICICI, HDFC, Axis Bank etc.).
Some Facts About PPF
* Interest rate: 8.1%
* Duration of scheme: 15 years
* Min. deposit amount (per year): 500
* Max. deposit amount (per year): 1,50,000
* Number of installments every year: Minimum 1 & Maximum 12
* Lock-in period: 15 years
* Extension of PPF Account: It can be extended for a period of 5 years but after the maturity period of 15 years.
Features
* PPF calculator is an online tool offered for free.
* It helps account holders to calculate interest on PPF deposits and maturity amounts.
* PPF calculator is a handy tool to make quick calculations to arrive at the latest account balances after accounting for all debits.
* No Internet connection is required for PPF Calculator.
* With PPF Calculator, display the Reports Yearly or Monthly.
* PPF is a 15 years’ scheme.
* PPF Calculator helps you to calculate the Maturity Value.
* You can view the calculations Graphically.
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| Downloads: 23 | ||||
| Updated At: 2024-04-22 13:48:20 | ||||
| Publisher: Teclab Solutions | ||||
| Operating System: Android | ||||
| License Type: Free |