PPF contribution by father .

Amount received from his son as a gift and deposit in PPF account and Nomination in favour of his son ( amount received from son) . It is possible , please advise .
Replies (4)
Quick Summary
This discussion explores the possibility of a father contributing funds as a gift to his son's Public Provident Fund (PPF) account. It also clarifies tax implications, noting that interest on contributions exceeding ₹2.5 lakh per year becomes taxable, while maturity proceeds remain tax-free. The annual contribution limit for PPF is ₹150,000, and the interest earned is generally tax-exempt.

It is okay
Interest and amount received from PPF is exempted income or not
If per year contribution is more than 2.5 lacs, then interest on such PPF is taxable under normal slab rates. And maturity proceeds are not taxable

Max contribution allowed is only 150000/-

Interest is tax free

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details