The current Interest rate on PPF is 7.9%.

The maximum deposit limit is also INR 1.5 lakhs thus, one can claim the entire amount as an exemption under section 80C. The investment made in the PPF account is eligible for the tax deduction of up to INR 1.5 lakhs. It is a long-term retirement savings option and has a minimum tenure of 15 years (which can be extended in blocks of 5 years). Public Provident Fund or PPF, introduced in 1968, is one of the oldest tax-saving instruments in India. However, if the sum assured is less than 10 times the premium, the policyholder can claim a deduction on an annual premium of up to 10% of the sum assured under section 80C of the Income Tax Act, 1961. Gains from these savings and Investments are tax-free under section 10(10)D if the premium is not more than 10% of the sum assured or if the sum assured is 10 times the premium. Below is the list of all such investments, where you are allowed to receive the tax deductions under section 80C. Section 80C of the Income Tax Act, 1961, helps you to avail tax benefits of up to INR 1.5 lakhs in various investments made by you. Proper tax planning reduces your tax liability, which also helps in saving for the future. One way to do this is by having various income sources and saving tax to be paid on that income. In other words, if you are not super-rich, then there is always pressure to save for the future to meet unexpected expenses or other financial needs therefore, proper financial planning is vital. If you are a middle-class man working day and night to meet your financial needs or a small businessman who wants to keep the business running. Or Can we? It’s obvious that worrying leads you nowhere, but proper planning surely will. That's because it’s unforeseen and we can’t do anything about it. Most of us start worrying about the future quite early.

80 c deduction of donation to madarsa