PF VPF PPF and links to rules

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#  A person can invest Rs 1.5 Lakh in both EPF and PPF in a FY. But he can claim a tax deduction of only ₹1.5 Lakh per financial year under Section 80C for all the eligible investments put together.

# Employees Provident Fund (EPF) and Public Provident Fund (PPF) along with other investments like life insurance premiums, ELSS, tuition fees of children, NSC, home loan principal, tax saving FDs etc all put together can get a deduction of only up to ₹1.5 lakh in the current financial year.

# in case of EPF and VPF  contributions, the total of contributions to both - EPF and VPF- should not exceed Rs 2.5 lakh in a financial year.

Even though the features of the PPF and VPF seem similar, the biggest difference between PPF and VPF is that PPF can be availed by self-employed persons and employees from unorganized sectors, while VPF is only available for salaried individuals.


PPF stands for Public Provident Fund and VPF for Voluntary Provident Fund. Both are financial instruments offered by the Government of India to help you save for your retirement.

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 1. What is the maximum number of deposits that a person can make in the PPF account?


A person is allowed to make a maximum of 12 deposits per financial year in the PPF account. Also, such deposits cannot be more than 2 in any particular month.


2. What is the initial deposit amount that the investor is required to invest to open a PPF account?


The minimum initial deposit amount that the investor is required to make in order to open a PPF account is Rs. 100.


3. Can an Investor skip a year of investment into the PPF account?


A person has to make an investment into the PPF account for a continuous period of 15 years in order to keep it active.


4. What is the minimum deposit amount that a person has to make each year in order to keep the PPF account active?


The minimum deposit amount required to be made each year by the person in order to keep the account active is Rs. 500.


PPF rules in detail:

https://cleartax.in/s/ppf

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