Main Article Content
Abstract
Public Provident Fund (PPF) is aMobilize small savings from the workers of unorganized sector and self- employed individuals with a vision to provide them retirement security. This makes interest earned on deposits in the Public Provident Fund account is not taxable. Deposits made towards PPF account can be claimed as deductions. This makes the Public Provident Fund scheme one of the most tax efficient instruments in India. PPF accounts can be opened at any nationalised, authorised bank and authorised branches or post office. PPF account can be opened at specific private banks as well and it was established by the government to provide retirement security to employees. So, this paper mainly focused on Public Provident Fund as a tax saving scheme and also most of the people don’t know Public Provident Fund is helps to save the money for long time through give several benefit to employed persons.