BEST INVESTMENT FOR LONG TERM PERIOD

MAKE YOUR INVESMENT ENRICH BY INVESTING IN PUBLIC PROVIDENT FUND

PUBLIC PROVIDENT FUND (PPF) IS ONE OF THE SAVE & PROBABLY ONE THE BEST INVESTMENT FROM INVESTMENT AS WELL AS FROM TAXATION POINT OF VIEW.

PPF IS OPERATED UNDER THE PUBLIC PROVIDENT FUND ACT, 1968. PPF IS SUITABLE FOR BOTH SALARIED AS WELL AS SELF- EMPLOYED ASSESSEE. HE CAN MAKE INVESTMENT IN HIS OWN NAME OR IN THE NAME OF MINOR OF WHOM HE IS THE GUARDIAN.

BY INVESTING IN PPF, ONE CAN EARN INTEREST OF 8% P.A AND MOREOVER HE CAN ALSO AVAIL DEDUCTION OF Rs 70,000 ( MAXIMUM LIMIT IN RELAVANT FINANCIAL YEAR), BY THIS HE CAN SAVE TAX OF Rs 21,000 ( assuming assessee income is more than Rs 5,00,000 in an financial year)

FOR INVESTING IN PPF, AN INDIVIDUAL SHOULD OPEN PPF ACCOUNT IN ANY SCHEDULE BANK ( say in STATE BANK OF INDIA, IN ANY POST OFFICE AND IN OTHER SPECIFIED BANKS) WITH MINIMUM INVESTMENT OF Rs 500 IN AN YEAR.

MOREOVER, THE INTEREST EARNED BY INDIVIDUAL IS ALSO EXEMPT FROM TAX.

THIS INVESTMENT IS SUITED BEST FOR PEOPLE WHO WANT TO INVEST FOR A LONG TERM PERIOD. THIS INVESTMENT HAS AN LOCKING PERIOD OF 7 YEARS.

FOR ANY QUERIES, WRITE US AT tytgroup@live.com