Saving your hard-earned money to meet future expenses or long-term goals is extremely important. There are numerous investment options that offer risk-free returns to investors. PPF, also termed a Public Provident Fund, is the most popular tax-saving investment option that was introduced by the Government of India to offer guaranteed returns to investors. It is an ideal investment option for new employees or responsible parents who want to save for the future. PPF is a government-backed investment scheme that offers the benefit of security and safety of funds to the investor. It is a long-term investment option that is known for its flexibility. The income tax slab that an individual can invest towards PPF in a year is Rs. 1.5 lakhs. Additionally, the interest one can make each year is tax-free. Last but not least, the corpus that they withdraw at maturity is likewise tax-free. To calculate the returns on investment and interest earnings on the Public Provident Fund investment, you can use the PPF account calculator to estimate the returns. In this blog, you will understand everything about PPF calculators. Image Source: Shutterstock What is PPF Calculator, and How Does it Work? PPF account calculator is a financial tool that is available online and helps the investor to find their maturity amount along with interest earned on their initial investment. With this, one can easily track the record of your investment. If you wish to invest in PPF, and have no idea how much to invest or how much returns you can get, then an online PPF account calculator can be beneficial for you. The PPF calculators have a user-friendly interface and work on a mathematical formula. Here is a step-by-step guide that you can follow to use the PPF account calculator: \tVisit the online PPF account calculator website. \tEnter all the required details like the number of deposits every year, the amount deposited, interest rate, etc. \tOnce the details are updated, the calculator will instantly show you the total maturity amount and the interest earned. The PPF account calculator calculates the future value of an investment based on the annual contribution made towards the PPF, income tax slab and the prevailing interest rate. The below-mentioned formula is used to calculate the return: M P x ( 1 + i ) Where: M Maturity Value P Annual Payments i Interest Rate n Number of years How can a PPF Calculator Help You? Using an online PPF account calculator will help you give an idea about various investment options available in the market. It can be of big help as it, \tGives a clear picture of the growth of PPF investment and interest earned over time. \tIt helps inventors to figure out how much they need to invest annually or monthly to reach the target amount. \tThe PPF account calculator can be used for free numerous times without requiring any additional software download. \tThe risk of errors arising in the calculation is minimal since the PPF account calculator is automated. \tThe investor can use the calculator at the tax planning stage for the income tax slab to plan the investment in the best possible manner. \tThe majority of PPF account calculators display the findings graphically, making the information simple to comprehend for all users. \tYou may also use a PPF account calculator to assist with retirement planning. PPFs can be an excellent method to take a disciplined approach to investing for retirement because they have a 15-year lock-in period. Image Source: Shutterstock Advantages of Using a PPF Account Calculator PPF account calculator is a financial tool that allows one to resolve queries related to a Public Provident Fund Account. Below listed are some of the advantages of using a PPF account calculator that you can explore: \tBest Investment Planning Planning to invest in a particular fund becomes easier and more effective when you can easily fetch reliable details regarding returns and interest before investing. While investing in the Public Provident Fund, the investor can gain higher and guaranteed returns at a fixed interest rate after a specific time period. So, by using a PPF account calculator, the investor can get an idea of investing in the best funds possible. \tUnlimited Usage for Free A PPF account calculator is an online financial tool that can be used by investors for unlimited times without paying any expenses. It allows you to calculate the growth of your PPF investment at no cost. This can help you plan the investment to meet a better goal in the best way possible. Final Thoughts PPF is an excellent investment choice that aids people in building a retirement fund. It is backed by the government, bears small risks, and provides a long-term, tax-efficient investment strategy, especially for retirement. Even if you know the formula, it could be a little difficult to manually calculate the maturity value because you'll make repeated payments to a PPF account. As a result, using an online PPF account calculator might be beneficial and make the calculations simpler for you.