The Public Provident Fund (PPF) is a popular and safe investment that gives assured and tax-free returns. At 7.1% tax-free, it offers higher returns than what other fixed income options give. The new rules for taxation of Provident Fund contributions above Rs 2.5 lakh in a year have made it eeen more attractive. But keep the annual limit in mind when you invest in the PPF. In a financial year, an individual can contribute only up to Rs 1.5 lakh to her PPF account. This cap includes both self and minor children’s accounts. If you open a PPF account in your child’s name, the combined contribution to both accounts must not exceed Rs 1.5 lakh in a financial year. While this limit is straightforward, some people invest more in the scheme. They either open multiple PPF accounts in thei

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