Project the maturity value of a Public Provident Fund account across its 15-year term, including the tax saved each year by claiming deposits under Section 80C.
PPF compounds annually: each year's deposit is added to the balance before that year's interest is applied, so a deposit made before the 5th of the month (the once-a-year deposit this calculator assumes) earns interest for the full year it is made in — mirroring the real-world rule that interest is paid on the lowest balance between the 5th and the last day of each month. The tax-saving figure applies your income slab rate to the deposit, capped at the ₹1.5 lakh annual Section 80C limit regardless of how much more you deposit.
Between ₹500 and ₹1.5 lakh per financial year. Deposits above ₹1.5 lakh are not permitted and earn no interest, and only up to ₹1.5 lakh qualifies for the Section 80C deduction.
No. PPF falls under the exempt-exempt-exempt regime: the deposit is deductible under 80C, the interest accrues tax-free, and the maturity amount is tax-free. That makes the effective post-tax return considerably better than the headline rate suggests.
Yes, in blocks of five years, either with or without further contributions. The account keeps earning interest either way, which is why many people treat a matured PPF as a long-term tax-free compounding vehicle rather than withdrawing at year 15.
No. Section 80C deductions are only available under the old regime. If you have opted for the new regime, PPF still earns tax-free interest but the deposit itself no longer reduces your taxable income, so turn the tax-benefit option off for a realistic figure.
This calculator is for information only and is not investment, tax, or financial advice. Figures are estimates based on the assumptions you enter and are not a guarantee of future returns. Consult a SEBI-registered adviser or a qualified tax professional before acting.