tax basket. Contribution to PPF account is eligible for tax benefit under Section 80C of the Income Tax Act in the old Tax Regime. Interest earned is exempt from income tax and maturity proceeds are also exempt from tax. According to R.K. Mohapatra, General Manager-Finance, IRCON International, and author of the award-winning book ‘Retirement Planning: A Simple Guide for Individuals’, in the falling interest rate era, investment in PPF make senses for people who are in higher income tax brackets because of the advantages of exempt-exempt-exempt (EEE) scheme, which means they get tax deduction under Section 80C when they invest, and the accrual of interest as well as withdrawal is completely tax-free. See also Equity-linked savings scheme National Pension System National Savings Certificates (India) References External links India Post. Ministry of Communications & Information Technology Retirement in India Tax-advantaged savings plans in India Indian labour law