Features of PPF

Public Provident Fund is one of the most famous options (next to EPF) for investing your money in a secure, Government backed investment instrument. This investment option can be used for tax benefits under the income tax section of 80C subject to the limit of 1 lakh. Investment in PPF is one of the few investments where the returns are tax exempt. Because of tax exempt feature PPF investment has become a favoured investment among individuals and salaried class.

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Tax Saving under Article 80

80 is not a good number when we are talking about age but 80 is lucky number when we talk about Tax Payers. It seems most of the tax savings are available under article 80. We will take a look at some of the tax saving schemes under section 80 and its sub-sections. You can use the explanation below for doing your tax planning as it will make your savings look even more promising. If you are an informed investor and have sound knowledge of financial market you can reinvest this amount to generate good returns.

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