alexa
Indianmoney.com Missed Call Number
 
Home Education Reasons why PPF is better than bank deposit: #2 Taxation on interest

For more knowledge from around the globe get Indianmoney App Now

Google Play
 
Get the Best Financial Advice on Public Provident FundClick Here
 
Reasons why PPF is better than bank deposit: #2 Taxation on interest

Reasons why PPF is better than bank deposit: #2 Taxation on interest

Wednesday, May 17, 2017, 11:12 AM

Bank deposits are fully taxable. The interest earned on them is added to the total income of a person for the purposes of paying tax. The interest earned on the PPF is tax-free. So, if you are in the highest tax bracket, you need to reduce 30% of your returns from bank deposits.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Get It now!