PPF account offers EEE (Exempt, Exempt, Exempt) tax benefit to the investors which means that:
The interest earned on the PPF account should be mentioned on the income tax return.
It is noteworthy here to mention that the amount deposited in dependent spouse's or children's PPF accounts is eligible to claim tax benefit by you.
Many people deposit money in the Public Provident Fund (PPF) accounts in their name as well as in their minor child's name. They are not aware of the fact that despite having two different accounts (one in own name & another in minor child's name), the combined total investment in both the PPF accounts cannot exceed Rs 1.50 lakhs in a financial year.
PPF account offers EEE (Exempt, Exempt, Exempt) tax benefit to the investors which means that:
The interest earned on the PPF account should be mentioned on the income tax return.
It is noteworthy here to mention that the amount deposited in dependent spouse's or children's PPF accounts is eligible to claim tax benefit by you.
In order to know the interest earned under PPF account, you can use PPf Calculator.
From Year | To Year | Interest Rate |
---|---|---|
April 1986 | March 1987 | 12.00% (p.a.) |
April 1987 | March 1988 | 12.00% (p.a.) |
April 1988 | March 1989 | 12.00% (p.a.) |
April 1989 | March 1990 | 12.00% (p.a.) |
April 1990 | March 1991 | 12.00% (p.a.) |
April 1991 | March 1992 | 12.00% (p.a.) |
April 1992 | March 1993 | 12.00% (p.a.) |
April 1993 | March 1994 | 12.00% (p.a.) |
April 1994 | March 1995 | 12.00% (p.a.) |
April 1995 | March 1996 | 12.00% (p.a.) |
April 1996 | March 1997 | 12.00% (p.a.) |
April 1997 | March 1998 | 12.00% (p.a.) |
April 1998 | March 1999 | 12.00% (p.a.) |
April 1999 | March 2000 | 12.00% (p.a.) |
April 2000 | March 2001 | 11.00% (p.a.) |
April 2001 | March 2002 | 9.50% (p.a.) |
April 2002 | March 2003 | 9.00% (p.a.) |
April 2003 | March 2004 | 8.00% (p.a.) |
April 2004 | March 2005 | 8.00% (p.a.) |
April 2005 | March 2006 | 8.00% (p.a.) |
April 2006 | March 2007 | 8.00% (p.a.) |
April 2007 | March 2008 | 8.00% (p.a.) |
April 2008 | March 2009 | 8.00% (p.a.) |
April 2009 | March 2010 | 8.00% (p.a.) |
April 2010 | March 2011 | 8.00% (p.a.) |
April 2011 | March 2012 | 8.60% (p.a.) |
April 2012 | March 2013 | 8.80% (p.a.) |
April 2013 | March 2014 | 8.70% (p.a.) |
April 2014 | March 2015 | 8.70% (p.a.) |
April 2015 | March 2016 | 8.70% (p.a.) |
April 2016 | March 2017 | 8.10% (p.a.) |
April 2017 | March 2018 | 7.80% (p.a.) |
April 2018 | March 2019 | 8.00% (p.a.) |
April 2019 | March 2020 | 7.90% (p.a.) |
April 2020 | March 2021 | 7.10% (p.a.) |
April 2021 | March 2022 | 7.10% (p.a.) |
April 2017 | June 2017 | 7.90% (p.a.) |
July 2017 | September 2017 | 7.80% (p.a.) |
October 2017 | December 2017 | 7.80% (p.a.) |
January 2018 | March 2018 | 7.60% (p.a.) |
April 2018 | June 2018 | 7.60% (p.a.) |
July 2018 | September 2018 | 7.60% (p.a.) |
October 2018 | December 2018 | 8.00% (p.a.) |
January 2019 | March 2019 | 8.00% (p.a.) |
April 2019 | June 2019 | 8.00% (p.a.) |