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Mahesh Padmanabhan |124 Answers |Ask -Follow

Tax Expert - Answered on May 03, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more

Question by Krishnaswami on Apr 24, 2023Hindi

Money

I openned my ppf account in december 2019 when i can with draw fifty percent amount want to know sir

Ans: Hi Krishnaswami
50% of the balance could be withdrawn provided you have 5 continuous years of contribution

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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after maturity of PPF account how much i can withdraw?

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Question by mahendra - Mar 08, 2023Hindi

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can i with draw partial amount from my PPF account matured in 2017

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Question by NIRAJ - Jul 17, 2023Hindi

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Sir opened my PPF account on 9th April 2009 and has been paying regularly every year since then. This year I paid my 15th Instalments on the 4th. April 2023. Now when I can withdraw my total amount and close the same? Some say I will have to deposit again in April 2024 and then can close. Some say I can withdraw and close any day after 31st March 2024. Please clarify this. Will before closing I have to again pay an instalment in April 2024.

Ans: You can now withdraw your entire PPF account balance and close it without needing to contribute again in April 2024. Your PPF account will be maturing on April 9, 2024, after completing 15 years from the opening date (April 9, 2009).

Just remember to visit your bank or post office with your passbook and withdrawal form to initiate the process.

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Question by Surander - Jan 09, 2024Hindi

Money

Sir I have opened PPF account in 1998 and thereafter continuous depositing the money . As on 01.04.2023( After25 Years) my corpus was 10 Lacs ( 8.5 earlier and 1.5 lacs current one) . Now i need money becz of emergency . Please guide the penelity of 1% reduction will be from 01.04.2023 (Date of extension ) or since the date of opening the account . Its premature closure but after 25 Years

Ans: You will be allowed to withdraw 60% of the balance at the beginning of extended period (block of five years).
It means, let us say the account matured on 1st April 2023 and the available balance is Rs.8.5 Lakhs. Then, you are allowed to withdraw 60% of this Rs.8.5Lakhs during the block period of 5 years. This can be withdrawn either in a single withdrawal or in instalment each year. However, only one withdrawal is allowed in a financial year.

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Hello sir this is Nishat , I passed my 12th in the year 2023 with a good percentage but however I couldn’t see it for chemistry exam. So obviously I failed in that subject so I decided to again reappear for that exam and in 2024 I gave betterment exam from my state board in the subject biology and chemistry. However I scored far better in biology than last time but (Chemistry) I don’t know maybe it’s it’s because of the issues that we have with our board. I couldn’t score good marks so even I had decided to give (Chemistry) separately and so in 2024. I again set for (Chemistry) exam under nios I and I scored 80 so now the thing is that I’ll be having two mark sheet so while applying in need I cannot possibly select the code 2 because although I already have the state board certificate but the NIOS certificate is not yet out and it will be out by end of the March sir can I possibly select the code one that is appearing or will it create problems while counselling or is there any other option please help me out sir , I’m very desperate like I have prepared for neey for the last two years and I don’t want to put my hard work into vain. Please Sir help me out

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You mentioned only the NEET PG score, but that alone is not sufficient for admission to the course. Other factors are also considered in the admission process. Therefore, it's difficult to address your query with the limited information provided.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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