WebJul 20, 2024 · GPF and PPF. Both salaried and self-employed individuals can invest in PPF while only government employees can invest in GPF. Government employees who are residents of India can invest in GPF ... WebFeb 5, 2024 · “The limit of Rs. 2,50,000 p.a. is fund specific and accordingly while computing contribution in excess of Rs. 2,50,000, it will be independent for PPF and PF/GPF,” said Bohra.
PPF/GPF Removal and Delete – Max Tune
WebApr 10, 2024 · The rate of return on the PPF, a small savings scheme that offers tax-free returns, was last hiked in January 2024 and has remained unchanged since April 2024 when it was slashed from 7.9% to 7.1%. WebMar 11, 2024 · Public Provident Fund (PPF) This is a good option for young officers and those in other ranks since they have a longer service period. Those who are closer to retirement should be careful before ... bastian 74
Should a person have EPF and PPF both? Mint
WebOct 3, 2007 · 6. GPF - For Government employees.Maturity at retirement however some amount may be drawn before maturity as per laid down rules. It is tax free under 80C. (50% employee + 50% government contribution, it is fixed around 12% of pay for employees contribution and government add equal amount in this amount. An employee may … WebMar 29, 2024 · Consider reading – EPF vs PPF vs GPF vs VPF General Provident Fund Rules in India. Here are some of the rules and regulations for the GPF: Eligibility: To be … WebApr 4, 2024 · The EPFO declares the EPF rate every year based on the returns of the EPF corpus. The current EPF rate is 8.15% while the current PPF rate is 7.1%. Historically as well, the EPF rate has been slightly higher (8.65%) than the current rate FY 2024-23 and the current PPF rate. bastian 26