This fund is for general public ,whether employee or self employed .

Hence if a person is doing business, still he can contribute to this fund to claim Deduction under 80 C

In case person is doing job, only he contributes, not the employer

 

Taxability

Employer contribution   – Not Applicable as Company does not contribute ,

Employee’s contribution   −  Deduction available under 80 c

Interest on PPF – it is fully exempt .

Amount received on withdrawal from PPF fully exempt

  1. Income Tax
  2. Income from Salaries

About the Author

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.