This discussion clarifies the impact of new rules on a senior citizen's Public Provident Fund (PPF) account. The user, whose PPF interest exceeds ₹2.5 lakh annually, was concerned about income tax calculations. It was confirmed that the new rules do not affect them, as the annual PPF contribution limit remains at ₹1.50 lakh.
12 February 2021
i am a senior citizen and my ppf interest is more than 2.5 lakh per year - kindly guide how the new rules will effect me in my income tax calculation. pls note mine is public provident fund -- self and not EPF. thanks