80c tax benefits Archives

Rs 61,500 Interest/quarter for Senior Citizens: This post office scheme provides nearly Rs 62K quarterly income for 5 years after one-time investment! Know how much you need to invest

Topnewsplus2 months ago04 mins

Rs 61,500 Interest/quarter for Senior Citizens: Retirement is an important stage for everyone, where income options for many senior citizens may deplete. In such a time, investments that they make may come handy. Some investment schemes provide them secure environs of earning income for a long period after investing one time. Senior Citizens Savings Scheme…

Power of Rs 1,50,000 PPF: How many years will it take to generate over Rs 90,000/month tax-free income from Public Provident Fund?

Topnewsplus3 months ago06 mins

Public Provident Fund is a government-backed scheme that is popularly known as PPF. You can earn tax-free deposits, interest, and maturity amount with a PPF account under Section 80C. You can also avail loans against your Public Provident Fund balance from the 3rd to the 6th year of investment. The lock-in period of a PPF…

PPF for Regular Income: With spouse’s help, how to build Rs 1.33 crore tax-free corpus in 20 years

Topnewsplus4 months ago05 mins

PPF is a government-backed plan with a lock-in period of 15 years. After 15 years, you can either withdraw the entire generated value or extend the account for another 5-year block. A Public Provident Fund allows a deposit of Rs 1.5 lakh annually that can help you save tax. Yet another reason why people are…