Public Provident Fund enjoys Exempt- Exempt- Exempt (EEE) tax status
Wednesday, November 29, 2017, 4:10 PM
Investment in PPF is tax deductible under section 80C, but the maximum cap is Rs.1,50,000 per year. The primary benefit of investment in PPF is Exempt- Exempt- Exempt status (EEE), investments, interest earned and withdrawal at maturity are not taxed. But the only disadvantage of PPF is that it is a 15 years investment and a partial withdrawal is only allowed after 7 years.