Question

the minimum deposit required to be made each year in publice provident fund account is​

Answer 1

The Public Provident Fund (PPF) is one of the most popular savings vehicles in India. One of the reasons for this is the tax benefit it offers - it comes under the EEE (exempt-exempt-exempt) tax status. What this means is that at the time of investment, the interest earned, and proceeds received at maturity are all tax-exempt or free. Now, this is a fact that a lot of us know about. But there are a few things about the PPF that not many people are aware of.

Answer 2

For people below 60 years age,

Amount must 5 %income tax.

For people's age between 60--80,

Amount must be 10%of income tax.

For peoples age above 80 yes,

Amount must be 20%of income tax