TaxTMI 
TaxTMI 
Under the Section 80C of Income Tax Act, 1961, there are deductions provided to assesses in respect of contribution to PPF Why government is promoting PPF and what is the benefit for the users?
Reason for deductions of PPF
12 Oct 2023 
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PPF deductions: employer contributions deductible only if remitted; unremitted contributions disallowed and taxable under tax law.
Deductions for contributions to the Public Provident Fund are available under Section 80C to promote labour welfare and individual savings. Employer contributions are deductible only when actually remitted; unpaid or unremitted employee subscriptions and employer contributions are not allowed as deductions and must be included in taxable income. (AI Summary)
Deductions for contributions to the Public Provident Fund are available under Section 80C to promote labour welfare and individual savings. Employer contributions are deductible only when actually remitted; unpaid or unremitted employee subscriptions and employer contributions are not allowed as deductions and must be included in taxable income. (AI Summary)