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

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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.
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