Regular Funded PPF: How to Find RS 60,000 / Mount Noves by PPF after creating RS 1 Crore Tax-free Corpus
Normal currency ppf: Do you plan to retire safe and you want a safe investment option that confirms the normal money after retirement? If so, the pullfident Fund (PPF) may be a good decision for you. This government study, a long time of saving does not only provide a fixed return but also provides free benefits under section 80C of income tax law.
If you are asking, what is PPF? How much offspring should you produce? Or how can you create a CR 1 Crore Tax-free corpus and Rs 60,000 per month earned in the program for this program? Then, here is all you need to know-
What is PPF?
Photo Favitor Fund (PPF) Government-based consignment program that provides guaranteed returns and tax benefits under section 80C of the Income Tax Act, 1961. It is a way to invest a safe and safe investment, is good for long-term prospects for tax benefits.
Investment limit and maturity
– Investment limit: You can invest up to Rs 1.5 Lakh each year in the PPF account.
– Mature time: PPF has time for 15 years. However, after the first 15 years, you can extend your PPF account on 5-year blocks permanent.
Rate
The PPF interest rate is currently 7.1% per annum (according to government change), higher than many other savings options available on the market.
PPF tax benefits
The PPF program follows the taxpayer’s payment (EEE), which means:
1. Tax deductions: Your annual investment of up to Rs 1.5 Lakh is suitable for tax deduction under paragraph 80c.
2. Interestable taxable: The interest you receive in your PPF investment has no money.
3. Making Money Reverse Rate
How to build Rs 1 Crore Retirement Corpus with PPF?
If your goal is to re-retire for RS 1 crore retirement, here is how to achieve by PPF:
– Investment Time: Creating RS 1 Crore Corpus, you need to invest 25 years. This includes 15 years for an accredited investment and two adverbs of 5 years after maturity.
– Annual investment: You must continue to invest Rs 1.5 lang every year for 25 years.
How much does Corpus be born after 25 years?
Let’s see how much corpus can build for investing Rs 1.5 Lakh during PPF Years 25 years:
– Complete investment: Rs 1.5 Lakh x 25 = Rs 37,50,000.
– Interest found: On the number of interest 7.1% per annual interest, your interested interest will be Rs 65,58,015.
– Title Corpus: 25 years later, your CORPUS AGS ABOUT RS 1,03,08,50,000 principal + Rs 65,58,0,000) interest).
What happens after 25 years?
Even after completing time of 25 years, you don’t have to withdraw money from your PPF account. Corpus continues to grow, and you can choose:
– Leave money on PPF: If you can withdraw money, your money will continue to receive interest.
– Annual release: You can also choose to withdraw all the amount or just interest every year.
How to Find Rs 60,000 Rs / Month from PPF interest?
If you keep all your corpus RS 1,03,08,015 in the PPF account, you will receive RS 7,31,869 interest per annum.
– Monthly income: If you separate interest in year Rs 7,31,869 in 12 months, you will find about Rs 60,989 per month.
– This monthly income is produced without touching the main number, and the total Corpus of Rs 1,03,08,015 will remain unrelevant to your account.
