Benefits of PPF under Section 80C
By investing in PPF, you can:
- Claiming deductions under Section 80C can significantly lower your tax liability.
- The tax-exempt nature of interest and maturity amount allows you to grow your wealth without paying taxes.
- PPF offers a fixed interest rate, providing stability and predictability to your investments.
PPF Comes Under Which Section of Income Tax Act?
The Public Provident Fund (PPF) is a popular saving scheme in India, offering guaranteed returns, tax benefits, and long-term security for investors. But, understanding the tax implications of PPF can be slightly confusing. This article aims to simplify the concept and answer the question: “Which section does PPF come under?”