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PPF CALCULATION
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Contents
Online PPF Calculator
PPF Closing Balance Calculation
PPF Account
PPF Interest Rates
Features of PPF
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Online PPF Calculator
PPF return Calculator will help you for the Calculation of provident fund amount, interests earned over the maturity period 
PPF Calculator is one of the easiest ways to find out the total return on invested in PPF account online.
PPF calculators compiled take into account the changes in interest rate and showed year-wise deposit, interest earned Online.
With this PPF Interest Calculator, you can easily Calculate PPF Amount, Earned Interest and Closing balance and PPF withdrawal Online.
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PPF Calculation
Interest rate : 8.1% Duration of scheme : 15 years Minimum deposit amount (per year) : Rs. 500/- Maximum deposit amount (per year) : Rs. 1,50,000/- No. of installments every year : Minimum of 1 year to 12 years maximum. No. of accounts one can open : Only One Lock-in period : 15 years (PPF partial withdrawals can be made from the 7th year) Extension of PPF Account : After the maturity period (15 years), it can be extended for a period of 5 years Tax savings (contribution) : As per Section 80C of Income Tax Act, 1961 (upto Rs. 1,50,000/-).
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5. PPF Closing Balance Calculation
PPF Account Closing balance formula
Closing amount = Amount Invested + Rate of Interest (8.1%)
Closing Balance= Rs.2,500 + (((2500*8.1)/100)==> Rs. 2,703
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PPF Account
PPF (Public Provident Fund) is a saving-cum-tax saving scheme Central Government by India
Any individual resident of India can open an account under the PPF.
A minimum yearly deposit of Rs. 500/– is needed to open and maintain a Public Provident Fund account, and a maximum deposit of Rs. 1,50,000/– with the duration of 15 years. 
The salaried assessee can withdraw whole investment only after the 15 years.
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PPF Interest Rates
The Current PPF Interest Rate 8.1% for FY  The PPF Interest rate is now fixed on the quarterly basis from 1st April 2016.
PPF Interest rate for the current year and few past financial years 
S.no
Financial Year
Interest Rate/Year 1.
1st December 2011 to 31 March 2012
8.60% 2.
8.80% 3.
8.70% 4. 5. 6.
8.10%
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8. Eligibility to open PPF account
A salaried assessee who is residents of India can open a PPF account. 
Only one PPF account can be maintained by the individual, except a Public Provident Fund account that is opened behalf of a minor. 
Hence, PPF account can also be opened by either under the name of a children or parent.
NRI’s are NOT eligible to open a PPF account.
But, if anyone opens a PPF Account while he/she is a Resident of India but subsequently becomes an NRI, the assessee shall be allowed to continue investing in assessee’s account.
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Features of PPF
PPF Interest rates: Interest rates of Public Provident Fund are announced by the central government annually. The current PPF Interest rate 8.10% per annum from 01 April  onwards.
Tenure: The PPF is a 15 years plan. Hence, as per PPF withdrawal rules, Provident Fund gets matured after the completion of 15 years. Although, on maturity, this 15 years period can be extended any number of times for a block of 5 years. PPF Account deposit can be made by submitting Form H within one year from the date of PPF maturity.
PPF Nomination: The Nominations are allowed on opening the account.
Initial PPF investment: Rs.100/- to open a PPF account.
Annual PPF Deposit Amount: Rs.500/- to Rs.1,50,000/- per annum.
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PPF Withdrawal: Partial PPF withdrawals can be made every year from 7th year onwards. PPF withdrawals are subject to conditions. Complete PPF withdrawal of funds can be done only at the time of maturity.
Fund transfer: PPF accounts or funds cannot be transferred between individual assessee but can be easily transferred between post offices or authorized bank branches for free.
Tax Benefit: Interests are tax-free, and deposited amounts are tax deductible Under Section 80C of the Income Tax Act, PPF Withdrawals are exempt from Wealth tax.
PPF Joint accounts: The joint accounts are Not allowed under PPF Account scheme.
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PPF Revival
After the lock-in period of 15 years, the assessee can be withdrawn full amount after its maturity period.
As well taxpayer can withdraw partial amount before maturity period but after the end of the sixth financial year. 
If the salaried assessee failed to invest the minimum amount in any financial year, then the PPF account will be deactivated.
The PPF account can be reactive by pay Rs. 50/- as the penalty for each inactive year.
Also, individual assessee have to deposit Rs.500 for each inactive year’s contribution.
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