PPF & FD Interest Calculators | Which One is Better? | PPF & Fixed Deposits Interest Rates
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- Опубликовано: 21 окт 2024
- PPF & FD Excel Calculators | Which One is Better? | PPF & Fixed Deposits Interest Rates
In this video by FinCalC TV, we will see PPF (Public Provident Fund) vs FD (Fixed Deposits) Excel Calculators & which one is better. Which one between PPF and Fixed Deposits you should choose to get maximum Interest and income tax benefits on both.
After watching this video:
What is PPF latest interest Rate?
How PPF interest is calculated?
How to maximize PPF Interest monthly or PPF maximum interest?
PPF monthly deposit or yearly deposits and PPF Compounding?
Income Tax Calculation?
PPF income tax benefits?
PPF account features and benefits?
PPF and FD maturity?
How to Calculate Income Tax?
What is FD (Fixed Deposit) latest interest Rate?
How FD (Fixed Deposit) interest is calculated?
How to maximize FD (Fixed Deposit) Interest monthly or FD (Fixed Deposit) maximum interest?
FD (Fixed Deposit) monthly deposit or yearly deposits and FD (Fixed Deposit) Compounding?
FD (Fixed Deposit) income tax benefits?
FD (Fixed Deposit) account features and benefits?
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PPF or Public Provident Fund is a savings scheme offered by the Government of India.
PPF have a lock-in period of 15 years
The interest on the account is paid by the government of India and is set every quarter, It is also tax-free and has many other benefits.
The applicable PPF interest rate for 1st July 2019 to 30th September 2019, has been fixed at 7.9%.
The interest rate for January - March and April - June 2019 was 8%.
Opening a PPF Account.
PPF accounts can be opened in post office, nationalized banks and major private banks such as ICICI and Axis.
In several banks like ICICI and Axis, you can open a PPF account online through net banking as well.
Once the account is opened, a passbook similar to the bank passbook is issued.
All transactions such as subscription, interest, withdrawals, etc. are recorded in this passbook.
Some banks simply allow PPF entries to be viewed online instead of issuing a passbook.
Contributions that you can make in PPF
Minimum contributions you should make in a PPF Account to keep the Account active is rupees 500 in a Financial year.
The maximum amount you can make to earn Tax-free interest in a Financial Year is rupees 1.5 Lacs.
The contributions made towards PPF Account also help you in Saving your Income Tax, by claiming the Investments under Section 80 C.
PPF Interest
As I have mentioned earlier, PPF is a fixed income investment.
Interest on PPF is calculated monthly on the lowest balance between the close of the fifth day and the last day of every month, that is. for the purpose of interest calculation, the amount that is deposited into the account before 5th of the month is considered.
Taxability & Exemption.
Public Provident Fund falls under EEE regime of taxation.
This means that the Contributions to PPF account (up to rupees 1.5 lacs per annum) is eligible for deduction under section 80 C of Income Tax Act, interest earned is exempted and maturity amount is also exempted from tax.
The interest earned on the PPF account must be mentioned on the income tax return.
Partial Withdrawals.
Partial withdrawals can be made after the expiry of 5 years after the year in which the account is opened.
Only one partial withdrawal is allowed per financial year.
A fixed deposit (FD) is a type of term investment offered by several banks and NBFCs. These deposits typically offer a higher rate of interest, subject to certain terms and conditions. The amount you deposit in an FD is locked for a predetermined period which can vary between 7 days and 10 years.
The examples used are for Illustration purpose only.
#PPFCalculator #FDCalculator #Excel #PPF #FinCalC
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Keep on brother doing a great job 👍 very useful information
Thanks brother 🙂👍
Thank u sir for your videos.. really I learn a lot..
You're most welcome 🙂👍
Nice sheet.
Glad you like it!
Bahut achha samjhaya bhai
Thank you 🙂👍
Very helpful
Thanks 👍🙂
Fantastic
Nice
Thanks 👍🙂
Post office me best scheme konsa hay
Good
thanks
Clear interpretation!
Thank you sir 🙂👍
Sir aa ne ye nahi bataya ki best kon sa hai fd vs ppf
Please provide stcg and ltcg calculate formula in Excel format for ay 2021-22 ASAP
Interest pe interest milta h kya
I have ppf account and I want to open ssy account than I take tax benefit under 80C and dono account main maximum deposit 150000 hoga ya dono ko milake 150000 hoga reply plz
Dono me maximum 1.5 Lacs (total 3 Lacs) deposit Kar sakte hai
Lekin section 80C me maximum 1.5 Lacs hi dikha sakte hai
@@fincalc to fir maturity amount hoga dono Ka tax free hoga ?
@@manojkum108 ha
@@fincalc thanks bro...
PPF mai kitne se kitna paisa invest kar sakte hai ???
maximum Rs. 1.5 Lacs in a financial year. Ye video dekho ruclips.net/video/ZNfX0rQkbPI/видео.html
@@fincalc me monthly Rs.500 invest Kar Sakta hu, is se jyada nhi
@@DeepakRajput1Yes You can do 500
Query..
what is the exact amt of interest earned from FD exempted from tax? 10000 or 40000? lot of confusion round multiple websites...
The TDS rate on fixed deposits (FDs) is 10% if the interest amount for the entire financial year exceeds Rs 10,000 for AY 2019-20. In the interim budget 2019, this TDS deduction limit on FD has been increased to Rs. 40,000 annually which is applicable in AY 2020-21
This means from FY 2019-20, it has been increased to Rs. 40,000.
Note: this is not included in Section 80TTA (for savings account) the limit of which is still Rs. 10,000
I hope this clears your doubt
@@fincalc thanku so much..
@@pranavpatil5849 welcome
Year m 30k deposit kar rahe h to...15 year m kitna milega
Depends upon on which are you choosing like Fd or PPF
FD me Tex free hai sir
10000 interest Tak tax free hai in a year