Public Provident Fund (PPF) account limit double at Rs 3 lakh from Rs 1.5 lakh? Income tax return 80C cap at Rs 2.5 lakh? This Budget demand is full of joy!
PPF Account: Will Public Provident Fund (PPF) account holders get big relief on February 1st, 2021? Well, if Finance Minister (FM) Nirmala Sitharaman complies with the pre-budget recommendations of the prestigious Institute of Chartered Accountants of India (ICAI), it may happen.
Apart from PPF account investment limit, ICAI has also recommended FM Sitharaman to raise Section 80C limit from Rs 1.5 lakh per annual to Rs 2.5 lakh. Photo: Reuters