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of <h1>Public Provident Fund recognized under section 10(11) of Income-tax Act, 1961, granting tax exemptions.</h1> The Central Government has officially recognized the Public Provident Fund (PPF), established under the Public Provident Fund Scheme of 1968, as a provident fund under section 10(11) of the Income-tax Act, 1961. This notification, dated July 2, 1968, designates the PPF as a fund to which the provisions of section 10(11) apply, thereby granting it specific tax exemptions as outlined in the Income-tax Act.
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