At the same time, many new schemes have also been started by the Central Government in this budget. Although some important changes were expected in the old schemes being run by the government through the people, but the government did not make any changes in them.

PPF Scheme People had high expectations from the budget this time and efforts have also been made by the government to fulfill the expectations of the people. At the same time, Public Provident Fund i.e. PPF scheme is being run by the Central Government.

People were hopeful that this time in the budget, an announcement could be made by the government to increase the limit of PPF scheme. People have been demanding for a long time to increase the maximum investment limit that can be deposited in the PPF scheme in a financial year. Although the expectations of the people remained the same.

PPF Investment

Finance Minister Nirmala Sitharaman did not announce any change regarding PPF in the budget speech 2023. In such a situation, the expectations of the PPF account holders have also suffered a setback. At present, the same benefit that was being available in PPF earlier, will continue to be available in future also. The maximum investment limit in PPF in a financial year will remain Rs 1.5 lakh.

Tax exemption

Apart from this, currently interest is paid on PPF at the rate of 7.1 per cent. At the same time, the tax benefit available in the PPF scheme will also remain the same as before and people will also be able to get tax exemption from the PPF scheme like before.

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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.

Important suggestion

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.

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