CA NeWs Beta*: SUKANYA SAMRIDHHI ACCOUNT V/S PPF

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Saturday, February 28, 2015

SUKANYA SAMRIDHHI ACCOUNT V/S PPF

Features of both the accounts are almost similar, but the major drawback of SUKANYA SAMMRIDDHI ACCOUNT is

the INTEREST is taxable, where as in PPF the interest is exempted
,
therefor if 9.10 % intt in SUKANYA SAMRIDHHI ACCOUNT, after taking
20% tax rate will be   7.23 %
which is much lower than  PPF RATE

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