What are the special advantages of PPF Account?


0

Special Advantages of PPF Account :
(1) Reasonably attractive interest rate even when it is reduced by one per cent with
effect from 1-3-2003.
(2) Income from PPF A/c (interest payment) is exempted from income tax and wealth tax.
(3) Tax exemption on investment made in PPF.
(4) Withdrawal facility at certain intervals which also avoids frequent withdrawals.
(5) It is useful as a provision for old age, or as provision for certain expenses such as
marriage of a son/daughter, purchase of flat, etc.
(6) PPF account is exempted from attachment from the court. This gives security to
family members/dependents.


Like it? Share with your friends!

0
MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

0 Comments

Facebook comments: