Ppf Calculations

Embed Size (px)

Citation preview

  • 8/17/2019 Ppf Calculations

    1/8

     Year Opening Balance Interest Earned

    1 0 150000 150000 13050

    2 163050 150000 313050 27235

    3 340285 150000 490285 42655

    4 532940 150000 682940 59416

    5 742356 150000 892356 77635

    6 969991 150000 1119991 97439

    7 1217430 150000 1367430 118966

    8 1486397 150000 1636397 142367

    9 1778763 150000 1928763 167802

    10 2096565 150000 2246565 195451

    11 2442017 150000 2592017 225505

    12 2817522 150000 2967522 258174

    13 3225697 150000 3375697 293686

    14 3669382 150000 3819382 332286

    15 4151668 150000 4301668 374245

    2250000 2425914

    Facts About PPF

    AmountDeposited

    closing bal beforeinterest

    Interest rate : 8.7%

    Duration of scheme : 15 years

    Min. deposit amount (per year) : 500

    Max. deposit amount (per year) : 1,50,000

    Number of installments every year : 1 (Min) to 12 (Max)

    Number of accounts one can open : Only One

    Lockin period : 15 years (partial !ithdra!als can be made from the sixth

  • 8/17/2019 Ppf Calculations

    2/8

    "xtension of ##$ %ccount : %fter the maturity period (&' years) it can be e

     ax savin*s (contribution) : un!er section 80# (upto &.' L)

     ax savin*s (interest earned and +nal amount) : "ully exe$te! "ro$ e

  • 8/17/2019 Ppf Calculations

    3/8

    oan !"a#$%

    163050 0 0

    340285 0 0

    532940 40763 0

    742356 85071 0

    969991 133235 0

    1217430 185589 0

    1486397 0 266470

    1778763 0 371178

    2096565 0 484996

    2442017 0 608715

    2817522 0 743198

    3225697 0 889381

    3669382 0 1048282

    4151668 0 1221008

    4&'5914   0 1408760

    (losing Balance afterinterst

    )it*dra+al!"a#$% allo+ed

    ear)

  • 8/17/2019 Ppf Calculations

    4/8

    tended for a erio! o" 5 years

      alt& tax

  • 8/17/2019 Ppf Calculations

    5/8

      17,862,607.00

  • 8/17/2019 Ppf Calculations

    6/8

  • 8/17/2019 Ppf Calculations

    7/8

    ,E-.,/ O/ A//.A ,E(.,,I/ DE

     Year Opening Balance

    1 0 60000 60000

    2 60000 60000 120000

    3 120000 60000 180000

    4 180000 60000 240000

    5 240000 60000 300000

    6 300000 60000 360000

    7 360000 60000 420000

    8 420000 60000 480000

    9 480000 60000 540000

    10 540000 60000 600000

    11 600000 60000 660000

    12 660000 60000 720000

    13 720000 60000 780000

    14 780000 60000 840000

    15 840000 60000 900000

    900000

    AmountDeposited

    closing bal beforeinterest

  • 8/17/2019 Ppf Calculations

    8/8

      OI-

    Interest Earned oan !"a#$%

    0 60000

    9600 129600

    14400 194400

    19200 259200

    24000 324000

    28800 388800

    33600 453600

    38400 518400

    43200 583200

    48000 648000

    52800 712800

    57600 777600

    62400 842400

    67200 907200

    72000 9'2000

    (losing Balanceafter interst

    )it*dra+al !"a#$%allo+ed