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Sovereign EEE Tax-Free Wealth

PPF Calculator – Calculate Public Provident Fund Returns

Plan your guaranteed, 100% risk-free retirement wealth. Calculate annual compounding interest, total tax-free maturity corpus, and 15 to 30 year growth schedules.

Years
Triple Tax-Free (EEE) Advantage: PPF investments are 100% tax deductible under Section 80C up to ₹1.5 Lakh/year. Annual interest (7.1%) is completely tax-exempt, and the final maturity amount is 100% tax-free!
₹0
Maturity Corpus
Total Deposited
₹22,50,000
Total Tax-Free Interest
₹18,18,209
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Complete 15 to 30 Year PPF Interest & Balance Amortization Schedule

7.1% Sovereign Compounding
Year Annual Deposit Annual Interest Earned Year-End PPF Balance

What is Public Provident Fund (PPF)?

The Public Provident Fund (PPF) is a long-term, sovereign statutory savings scheme introduced by the Ministry of Finance, Government of India, under the PPF Act of 1968. Established to provide retirement security and disciplined long-term capital accumulation for self-employed professionals, private sector employees, and individual citizens, PPF is regarded as the gold standard of risk-free fixed income investing in India.

Because the scheme is backed 100% by the sovereign guarantee of the Central Government of India, your principal capital and accumulated compound interest carry zero default risk or market volatility.

The Power of EEE (Exempt-Exempt-Exempt) Tax Status

PPF is one of the extremely rare financial instruments in India that commands full EEE Tax Status under the Indian Income Tax Act:

Exempt 1: Contribution

Annual deposits up to ₹1,50,000 are eligible for deduction from your gross total taxable income under Section 80C.

Exempt 2: Accumulation

The annual interest credited (currently 7.1% p.a.) is completely tax-free. Unlike Fixed Deposits, zero TDS is deducted.

Exempt 3: Maturity

The entire maturity corpus redeemed after 15, 20, or 30 years is 100% tax-exempt in your hands.

The 5th of the Month Rule for Maximum Compounding

Many investors miss out on thousands of rupees of compounding interest because they do not understand how PPF interest is calculated monthly by banks and post offices:

Rule 8 of Public Provident Fund Scheme
"Interest shall be calculated for each calendar month on the lowest balance at the credit of the account between the close of the fifth day and the end of the month."

Strategic Tip: Always deposit your PPF contribution between the 1st and 5th of April (if investing lumpsum annually) or on/before the 5th of every month. Depositing on the 6th means you forfeit interest for that entire calendar month!

Frequently Asked Questions (FAQs)

What is the minimum and maximum deposit limit in a PPF account?
The minimum annual deposit is ₹500, and the statutory maximum is ₹1,50,000 per financial year. Any deposit exceeding ₹1.5 Lakh in a single financial year will not earn any interest and will not qualify for Section 80C tax deduction.
How can I extend my PPF account after 15 years?
Within 1 year of the 15-year maturity, you can submit Form H to your bank/post office to extend the account in 5-year blocks. You can choose to extend with fresh contributions (earning 80C deductions) or without contributions (where your accumulated balance continues to earn 7.1% tax-free interest).
Can a PPF account be attached by a court decree for debts?
No! Under Section 15 of the Government Savings Promotion Act, a PPF account balance cannot be attached by any court of law under any decree or order in respect of any debt or liability incurred by the account holder.
Can NRIs (Non-Resident Indians) open a new PPF account?
NRIs cannot open new PPF accounts. However, if an Indian resident opened a PPF account and subsequently became an NRI before the 15-year maturity, they may continue the existing account on a non-repatriation basis until maturity.
How does PPF compare with ELSS Mutual Funds?
ELSS Mutual Funds have a 3-year lock-in and invest in equities (12-15% potential returns with 12.5% LTCG tax). PPF has a 15-year lock-in with guaranteed 7.1% sovereign return and 100% tax-free maturity. Both qualify for Section 80C tax deduction up to ₹1.5 Lakh.
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