As per todays news PPF , GPF all will fall under EEE ( Exempt Exempt Exempt) tax benefit and not the earlier planned EET ( Exempt Exempt Taxable) tax critieria in the new direct tax code.
what it means is that the ppf will not be taxable when u withdraw it.
However it is not yet clear how ULIPs etc will be treated going forward.
But with this clarification- it becomes clear-- PPF still remains the safest and best bet for investments..so if you had planned to not start your ppf account, renew it or your kids...
change track... and lets get started on the path again.
Increase if u want your allocation in your pf
PPF makes sense!!
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