Premature closure of PPF Accounts
Premature Closure of PPF Accounts – Loksabha Unstarred Question No.2452 dated 09.03.2018 – Minister of State in the Ministry of Finance reply
Non-Resident Indians can maintain PPF Account – Notification kept in abeyance
Non-Resident Indians can maintain PPF Account – Public Provident Fund (PPF) accounts held by Non Resident – Finance Ministry OM dated 23.02.2018
PPF Interest reduced to 8.1% in First Quarter of 2016-17 – Interest Rates for other small savings schemes also reduced
Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued
Budget 2016 – PPF, EPF principal amount continue to exempt from Income Tax
Based on Budget Speech in parliament the change in taxation with regard to EPF was interpreted to the effect that 60% of Employee subscription in EPF and PPF would be subjected to income tax
PPF Subscription Limit increased to Rs. 1.5 lakh
PPF Subscription Limit increased to Rs. 1.5 lakh – Department of Posts issues orders citing Finance Ministry’s Order Consequent on increase in savings limit under Section 80 C of Income Tax Act for getting rebate / exemption on Income Tax to Rs. 1,50,000/-in the recent budget 2014-15, PPF Subscription Limit has been increased Rs. 1,50,000 by…