01 May 2015
currently ppf rate is 8.7% .What is an avg benefit considering persons income in 350000 and he invests 150000 in ppf.What is the avg benefit in %terms a person gets from ppf yearly?considering d savings of 10% in tax
02 May 2015
If we calculate tax for AY 2015-16 by doing so, tax payable is Nil. . If Investment was not made-Tax payable would have been 8000. . So the benefit here can be computed as 8000/150000*100=5.33% . Total benefit =8.7+5.33=14.03%. .
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