alexa
 
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
 
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!