PPF taxation: Why the Public Provident Fund is a safe option to save tax; 5 things to know

Tax-saving investments: PPF offers tax exemptions at the time of investment, accrual, and withdrawal. It has a current interest rate of 7.1% per annum and a maximum deposit limit of Rs 1.5 lakh per financial year. PPF accounts can be extended indefinitely in blocks of 5 years. Additionally, it is advisable to diversify savings between PPF and equity investments for a balanced portfolio.

from Tax-Wealth-Economic Times https://ift.tt/wJ7YnDj