Voluntary provident provident fund

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Binu (Querist)
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26 October 2017 Dear sir
I would like to any voluntary PF Account for tax saving . our company has no such option currently now
kindly advise the same

CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
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26 October 2017 You can open PPF A/c in any nationalized bank & deposit amount there. It is fully safe with good rate of interest.

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Binu

Binu (Querist)
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26 October 2017 Thanks for your reply.Whether exemption can claim. If any term of withdrawal in it.

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CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
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26 October 2017 Yes u/s 80C you can claim exemption. You can claim exemption even if the account is in name of your wife, child. Term is 15 years. But rate of interest is very good n deposit is fully safe.

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Binu

Binu (Querist)
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26 October 2017 Dear sir
Thanking you once again for share the valuable information.