Investment
PPF
Also known as: Public Provident Fund
Public Provident Fund - 15-year tax-free investment scheme with EEE tax status.
Detailed Explanation
Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India with a 15-year maturity period. It offers EEE (Exempt-Exempt-Exempt) tax status - contributions are tax deductible, interest earned is tax-free, and maturity proceeds are tax-free. Currently offering 7.1% annual interest rate.
Related Calculators
Related Terms
Section 80C
Tax deduction provision allowing up to ₹1.5 lakh deduction for specified investments and expenses.
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NSC
National Savings Certificate - 5-year government savings scheme with tax benefits under Section 80C.
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EPF
Employees' Provident Fund - Mandatory retirement savings with employer matching contribution.
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