Ppfaccountonline.in Website Review

public provident fund faq will help to understand every aspect of ppf because it is one of the best options in terms of small saving schemes in india.  it is much preferred since it offers one of the best interest rates as well as it is exempted under income tax act.  here is a complete guide to the most common questions pertaining to public provident fund in india. below the list of public provident fund faq.. question:  what are docu*ents required for opening a ppf account? the account opening process for ppf is simple.  you need the following docu*ents for opening your ppf account:. question:  is pan number compulsory for opening a ppf account? no, pan number is not compulsory for opening of ppf account. no, ppf account can’t be in the name of more than one person.  it should be an individual account.. question:  can a guardian open ppf account in the name of a minor? yes, any legal guardian or parents can open a ppf account for a minor.  in that case, docu*ents of the legal guardian or parents would be required along certificate of birth of the minor. for more information read the article ppf account for minor you get an eee tax benefit from ppf scheme.  that means, the contributions made to your ppf account, the interest accrued on the ppf account and the maturity proceeds out of the ppf account are all tax exempted under section 80c or income tax.. question:  what is the maximum deduction you get out of ppf contributions? the maximum amount you can deposit in your ppf account is rs 1.5 lakh, which is completely tax free.  moreover, if you are also contributing to your child’s (minor only), then that contribution too is fully exempted from income tax.  however, the contributions made towards. question:  who can claim tax exemption under 80c?  the account holder or the contributor? as per the public provident fund faq, the person contributing to ppf account will be entitled for tax exemption.  this means, if you are investing to your spouse ppf account, you can claim tax benefits on it, provided that you spouse too is not claiming the same benefit.