Let's put some conditions in place to get a clear picture of the calculations. We are assuming one will start contributing at the age of 25. Since one's salary is most likely to increase with time, we ...
The EPF offers a lot of tax benefits. Deposits up to Rs 1.50 lakh in a financial year are tax-exempt under Section 80C of the Income Tax Act. Interest earned and the maturity amount are also tax-free.
PPF calculation shows how investing ₹3,000 to ₹10,000 regularly can grow into a substantial corpus in 15 years. With 7.1% ...
A penny saved is a penny earned. This becomes especially important for fixed income investors in the low interest rate environment where there is a risk of negative real interest rate as well. Tax is ...