PPF Account: The new year is about to begin and in the new year the central budget will also be presented by the central government. The budget is presented in the Parliament by the Finance Minister of the country.
At the same time, many important decisions can be taken in the budget by the Modi government. Before the budget, different suggestions are also sought from the Ministry of Finance regarding the budget. At the same time, an important suggestion regarding the budget has been given by an organization.
Public Provident Fund (PPF) scheme is being run by the government in the country. Through this scheme, people are given the opportunity to save and invest on behalf of the government. Also, there is no tax on the money earned from this scheme. At the same time, before the budget, an important suggestion has been given to the government regarding this scheme.
In fact, Institute of Chartered Accountants of India (ICAI) has submitted Pre-Budget Memorandum 2023 to the government demanding increase in PPF limit . In this, many suggestions have been given to the government through ICAI. Along with this, a suggestion is also related to Public Provident Fund (PPF). He has demanded to increase the investment limit in PPF.
Demand to increase the limit
It has been suggested by ICAI that the investment limit in Public Provident Fund should be increased from the existing Rs 1.5 lakh and it should be increased to Rs 3 lakh per year. Let us tell you that at present one can invest in PPF from minimum investment of Rs 500 per year to Rs 1.5 lakh per year.