Ppf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2012 Dear experts

i want to invest in Pf can you please provide me the pros and cons of investing in PPF.

Besides this i want to know whether the interest and the maturity receipts are taxable or exempt at all.

and If i will invest Rs70,000 p.a for 15 years what will be the amount that i will receive after 15 years.

Please take this issue an urgent and reply asap

anurag

anurag (Expert)
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25 February 2012 interest and maturity receipt are exempt.
maximum contribution per year raised to 1 lacs.
interest rate of ppf keeps on changing, hence accurate prediction of the amt after 15 years cannot be made.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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03 April 2012 I agree with the experts as your reply has been given by taking into consideration all related issues

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