Why is the PPF Calculator Important?
The Public Provident Fund (PPF) is one of the most trusted and tax-efficient saving schemes in India, backed by the Government. It offers a risk-free return and falls under the EEE (Exempt-Exempt-Exempt) tax status. Our PPF Calculator helps you project your wealth creation over the mandatory 15-year lock-in period. By simply inputting your yearly deposit amount, you can see exactly how the power of compounding turns your steady savings into a massive tax-free retirement corpus.
Frequently Asked Questions (FAQs)
What is the EEE tax benefit in PPF?
EEE stands for Exempt-Exempt-Exempt. This means the amount you invest is tax-deductible under Section 80C, the interest you earn every year is tax-free, and the final maturity amount you receive after 15 years is also completely tax-free.
Can I withdraw money from PPF before 15 years?
While the lock-in period is 15 years, you are allowed to make partial withdrawals starting from the 7th financial year. You can also take a loan against your PPF balance between the 3rd and 6th financial year.
What are the minimum and maximum investment limits?
You must invest a minimum of ₹500 every financial year to keep the account active. The maximum amount you can invest in a single financial year to avail tax benefits is ₹1,50,000.