if i open a PF/PPF account, can the amount be tax exemption apart from Rs 1 lac?

For eg: i have already taken Rs 1 lac NSC bonds and other LIC policies.

Now if i got for PPF account, can i consider this amount also for tax exemption.

2 Answers

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  • Bobbie
    Lv 7
    9 years ago
    Favorite Answer

    PF/PPF(Public Provident Fund)

    What is PF/EPF and PPF:

    EPF(Employee Provident Fund),as its name suggests, is available to salaried employees and is a retirement benefit scheme.

    Whereas in PPF ( Public Provident Fund) You need not be a salaried individual.

  • tro
    Lv 7
    9 years ago

    tax exemption? probably not, but a reduction of taxable income at the time of contribution

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