Chapter VI A Deductions
Sir, Section 80-C (2)(v) is referring PF set up by Central Govt. Q1 Is it referring only PPF or else the other two (RPF & SPF).....? Q2 Can we open PPF / RPF / SPF Accounts in the name of any other persons....?
(1) Sec 80C(vi) refers to RPF and sec 80C(iv) refers to SPF (2) Yes for PPF, Under the PPF Scheme, 2019, Rule-3 sets the limits on the number of accounts which an individual can open. The rule allows opening of one's own account, and also on behalf of minor or a person of unsound mind of whom he or she is the guardian. A salaried employee can simultaneously become member of employees' provident fund (whether statutory, recognised or unrecognised) and public provident fund.