Smart Savers: #3 Save tax through Public Provident Fund
Monday, April 3, 2017, 1:26 PM
The Public Provident Fund (PPF) Scheme is a tax-free savings scheme that was introduced in the year 1968 by the Ministry of Finance (MoF) in India. Interest earned on deposits in the PPF account are not taxable. Deposits made towards PPF accounts can be claimed as tax deductions. This makes the PPF Scheme one of the most tax efficient instruments in India.