PPF
Market basicsPublic Provident Fund — a 15-year government-backed savings scheme with tax-free returns.
In plain terms
Safe, long-term, fully tax-free debt. Excellent for money that must not be touched.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Section 80C
Regulation & taxThe old-regime deduction of up to ₹1.5 lakh covering EPF, ELSS, PPF, life premiums and home loan principal.
In plain terms
The reason offices fill with insurance agents every January. Useful for what you were paying anyway, expensive for anything bought to fill it.
Small savings scheme
Market basicsGovernment-backed savings products such as PPF, SSY, SCSS and post office deposits.
In plain terms
SSY and PPF are tax-free; most of the rest are taxed at your slab. That gap beats any rate comparison.
EEE taxation
Regulation & taxExempt-Exempt-Exempt — contribution, accumulation and withdrawal are all tax-free.
In plain terms
Why a 7.5% PPF return beats a taxable 10% for someone in the 30% slab.