There are many people who wish to stay away from the mutual fund in the stock market. However, he wishes that their savings also increase rapidly. This chance offers you a post office. There are many savings schemes in the post that can make a millionaire. These savings schemes also help people to avoid income tax. So know this is a special plan that gives you so much compensation ....
The Public Provident Fund (PPF) post office has a plan that makes people's savings a little bigger. Apart from good interest on deposits in this account, other benefits are also available. One is the income tax savings and the second benefit is that when this money is earned it is completely tax free. If someone makes a plan to invest Rs 1 crore by investing in this scheme, then they will not be able to pay any tax in the year of maturity.
How to Prepare One crore funds are
available at 7.6 percent interest in the PPF Plan. This plan is about 15 years old. Which can not be interrupted. Income tax of Rs 1.5 lakh can be saved every year by depositing more than Rs 12.5 thousand in this scheme. But if the scheme is deposited only Rs 7500 every year, then tax free fund of Rs 1 crore is completed in 30 years.
Investing in PPF
will start at Rs 7500, investing at 7.6% every month for 30 years, will be ready for one crore fund
How will the investment for 30 years be a
PPF? This is the 15 year scheme. But on completion of 15 years it can be increased for 5 - 5 years. If you want to invest in this scheme for 30 years then it will have to be expanded three times. In this way, this scheme will be able to prepare up to Rs 1 crore by the end of retirement.
How much the investment will be prepared Fund:
The scheme is investing 1.5 lakhs or 12500 rupees a month in more than one year. If so much invested, then in the 15 years, the fund will be ready for 42.48 lakh rupees. In 20 years, fund of Rs 70.66 lakhs and Rs 1.11 crore fund will be ready. But if this investment is done for 30 years then the fund will be 1.71 lakh rupees.