No. it is not taxable
No. It is not taxable
The maximum non-taxable gift amount for 2022 is 16,000 per person.
When you open your PPF Account you will get a pass-book which will be updated everytime you make a transaction. These days, when you open a PPF account, the balance is available online. Check with the bank that helped you open the PPF Account. They will help you with it
No, income tax and taxable income are not the same thing. Taxable income is the amount of income that is subject to taxation, while income tax is the actual tax that is calculated and paid on that taxable income.
You are talking about Paid up additions. No they are not. Proceeds in cash value are not taxable as long as the cash value does not exceed the amount of premiums paid.
No. It is not taxable
No. The amount accumulated can be withdrawn at maturity. Thats all
If you withdraw before completing 5 years of service - Yes, it is taxable. If you have completed 5 full years, no it is not taxable
The penalties from a lawsuit is considered taxable income. The amount of tax depends on the amount of the settlement.
The tax amount on the taxable income could be from 2% to the maximum 6.75% amount.
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
A PPF shows the maximum amount of goods that can be produced with a given set of inputs.
The maximum non-taxable gift amount for 2022 is 16,000 per person.
Clothing over $175.00 is taxable. However ONLY the amount over $175.00 is taxable. NOT the 1st $175.00
The amount of taxable inheritance depends on the entire estate. If the amount of the estate that the 60,000 was inherited from is over 2 million dollars then the income is taxable. If the estate was worth less then that then there are no taxes on the estate.
why PPF in economics is negatively sloped
PPF - company - was created in 1991.