Retirement Scheme: Invest in government scheme to get Rs 2.26 crore on retirement

After retirement in private jobs, pension scheme is usually not available, and now most of the government jobs have also disappeared from the pension system. That is, how will one survive after retirement, and how can a respectable arrangement be made for it… Will give a great opportunity to save in income tax, but will also keep a legal and legal amount of more than 2.5 crore rupees in your hands at the time of retirement. You must have heard, but through this, a working youth can reach the age of retirement and deposit crores of rupees, you would not have thought that. Yes, this scheme can really give a completely tax free amount of more than two and a half crores in your hands. Not only this, but through this scheme, both the husband and wife together can also save tax up to a maximum of Rs 93,600 (Rs 46,800 each) annually, that too for a full 35 years.

The amount of tax saving will be Rs 46,800 when the investor is paying full 30 percent tax as per the maximum slab of income tax... If the investor pays tax under the lower slab of income tax, then the amount of tax saving The amount will also decrease accordingly.

Every year (here we are talking about the financial year, i.e. April 1 to March 31) in the PPF account, you can deposit a minimum of Rs 500 and a maximum of Rs 1,50,000, the interest of which will be deposited in your account on the last day of every year. So, now if you deposit the entire 1.5 lakh rupees every year on 1st April itself, then at the end of the year maximum interest will be deposited in your account but it pays interest at the rate of 7.1 per cent, which has come down quite a bit as compared to the earlier years, but still this rate is enough to keep PPF as one of the best investment options.

The biggest feature of this scheme is that it is included in the EEE scheme of the government, which means that you get tax exemption on the amount deposited every year, you do not have any tax on the interest earned every year. and finally the maturity, that is, the entire amount received at the time of maturity (principal investment plus interest) is also completely out of the tax net.

Well, now understand that how you can become a millionaire from this scheme till retirement. If you open a PPF account at the age of 25, and deposit one and a half lakh rupees in the account with the maximum limit on 1st April every year, then 10,650 will be credited to your account as on 31st March next year at the current rate, which will make your account balance, i.e., balance Rs 1,60,650 on the first day of the next financial year, and the same amount will be deposited for next year's investments. As soon as one and a half lakh rupees are added, it will become Rs 3,10,650, and next year you will get interest on Rs 3,10,650 instead of 1.5 lakh, which will be Rs 22,056. Similarly every year on April 1st, you would have deposited Rs 1.5 lakh. On completion of 15 years of maturity, you will get Rs 40,68,209 in your account, in which your investment will be Rs 22,50,000 and interest amount will be Rs 18,18,209.