As we all are looking for better job, we must take care of our existing income. We have to work out our salary to find out quantum of Income tax paid. We can save up to Rs. One lakh in specified tax saving scheme. One of the tax saving scheme is Public Provident Fund, which is quite popular among tax payer, who are conscious of their hard earned money to keep them totally safe. Although the return is quite low in comparison to equity based funds, but look its silent benefits, that can not be ignored by hard opponent of the scheme.
1. It is 15 years account.
2. You can invest up to maximum of Rs. Seventy thousand rupees in a year. Unlike insurance policy, investments in PPF are totally in your account and vary depending upon your sweet will.
3. Interest is totally Income tax free.
4. On maturity, the fund is totally free from Income tax.
5. The most powerful advantage is that it is totally free from all kind of encumbrance. Even the court can not attach it. If you are bankrupt, nobody can claim it. The account is yours and so the money.
6. If you feel that 15 years tenure is quite long, look its features. Open the account. Deposit the amount, may be low to keep it alive. After 10th years it is most powerful. You deposit in 10th year and amount is due after15th year so amount deposited in 11th year is available in 4 years and so the amount invested in 15tyh years is available to you within few days. You get the tax rebate too. Can any one show me any tax saving scheme, where amount saved for tax purpose is available to you within few days.

PPF is powerful and try it and invest even small amount for 100 percent safety.