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Posted on Jan 02, 2017

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Fixed deposits are one of the most safe and secure ways of investing. Besides it there is one more option which you must explore, and i.e., Public Provident Fund. PPF has a lot of edge over most other types of investments not only it provides a high rate of interest of around 8%, but also it can help you enjoy tax exemptions.

Before you invested in PPF you also must some money out for your expenses and insurance coverage. After you have sidelined some money for your other expenses and investments you can keep investing in PPF for a period of 15 years and you can extend the period by 5 more years. The current limit to PPF is Rs. 1,50,000/-. If after investing in it if you still have funds remaining to invest then you can invest in FDs and choose a return type of monthly, quarterly, half-yearly or annually.

Before you invested in PPF you also must some money out for your expenses and insurance coverage. After you have sidelined some money for your other expenses and investments you can keep investing in PPF for a period of 15 years and you can extend the period by 5 more years. The current limit to PPF is Rs. 1,50,000/-. If after investing in it if you still have funds remaining to invest then you can invest in FDs and choose a return type of monthly, quarterly, half-yearly or annually.

Oct 16, 2017 | Finance

As per my understanding, you have Rs. 20 lakhs, out of which you want to invest Rs. 70K in fixed deposit. In such situation, you may be concerned whether you will be taxed or not.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Let me assure you that you may not come under the bridge of TDS as the earned interest will not be high.

TDS is deducted from the interest of an FD, if the earned interest exceeds the limit of Rs. 10K in one year. But, your principal amount is Rs. 70K, which you may invest at an interest rate of 7.80%. This will turn out to be Rs. 75K at the end of one year. So, an earning of Rs. 5K will not be taxed.

Even if, you get a higher rate of interest on fixed deposit, fortunately, you will still remain under the TDS bracket. So, you can easily proceed with your investment plan.

Apr 05, 2017 | Finance

$15,000 at 3% and $6,000 at 7%.

If this is homework, be sure to show your work.

If this is homework, be sure to show your work.

Sep 06, 2014 | Office Equipment & Supplies

17/9/2012 was 7 years ago not 3 months

Aug 23, 2017 | Sony VAIO VGN-S460 Notebook

Single interest is calculated on the 'original principle amount' only. Accumulated interest from prior periods is not used in calculations for the following periods.

Simple Interest = p * i * n

Where p = original principal amount (i.e. the amount that was borrowed, loaned, invested) i = interest rage for one period n = the number of periods

so in your example p = 8000 i = 12% (12/100 = 0.12) n = 2

=> simple interest = 8000 * .12 * 2 = 1920 => amount after 2 years = amount invested + simple interest = 8000+1920 = 9920

I hope this helps and good luck! If you have more questions - ask away!

Don.

Simple Interest = p * i * n

Where p = original principal amount (i.e. the amount that was borrowed, loaned, invested) i = interest rage for one period n = the number of periods

so in your example p = 8000 i = 12% (12/100 = 0.12) n = 2

=> simple interest = 8000 * .12 * 2 = 1920 => amount after 2 years = amount invested + simple interest = 8000+1920 = 9920

I hope this helps and good luck! If you have more questions - ask away!

Don.

Sep 08, 2011 | Computers & Internet

Ali decides to invest a certain sum of money in business atthe end of each year in the form of an annuity. He wants to get a sum of Rs.40,000 after 20 years. If the payments accumulate at expected profit of 8%compound annually, how much should he start investing annually?

Jan 13, 2011 | Health & Beauty

Ali decides to invest a certain sum of money in business at the end of each year in the form of an annuity. He wants to get a sum of Rs.40, 000 after 20 years. If the payments accumulate at expected profit of 8% compound annually, how much should he start investing annually?

Jan 12, 2011 | Health & Beauty

Following formula we can use.

S=P(1+RT)

WHERE S =INVEST AMOUNT+PROFIT

P=INVEST AMOUNT

R= RATE OF RETURN

T=TIME IN YEARS

EX : (300+x) = x(1+(5.4/100)*1)

(300+x)*100 = 105.4x

x=30000/5.4

x=5555. 4

S=P(1+RT)

WHERE S =INVEST AMOUNT+PROFIT

P=INVEST AMOUNT

R= RATE OF RETURN

T=TIME IN YEARS

EX : (300+x) = x(1+(5.4/100)*1)

(300+x)*100 = 105.4x

x=30000/5.4

x=5555. 4

Jan 05, 2008 | The Learning Company Achieve! Math &...

Try the FV function
**Syntax**

**FV**(**rate**,**nper**,**pmt**,pv,type)

Nov 03, 2007 | Computers & Internet

Jan 20, 2018 | Canon Office Equipment & Supplies

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