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Union Budget 2022: What to expect from Budget, demand for a hike in PPF (public provident fund) has come from ICAI from current 1.5 lakh to 3 lakh

Budget 2022-23: Will the Public Provident Fund(PPF) contribution limit be doubled?

The association of Chartered Accountants has suggested the annual limit for contribution to PPF be increased to Rs 3 lakhs from the present ceiling of Rs 1.5 lakhs

Budget 2022: Will the PPF limit be doubled?

The government is scheduled to present the Budget 2022-23 on February 1

Budget 2022 countdown has begun and so have the demands and expectations.&nbsp;The Institute of Chartered Accountants of India has written to the Ministry of Finance looking for big hike in the limit of Public Provident Fund(PPF). The association of Chartered Accountants has suggested the annual limit for contribution to PPF be increased to Rs 3 lakhs from the present ceiling of Rs 1.5 lakhs. The institute believes PPF&nbsp;is the only safe and tax efficient&nbsp;saving option&nbsp;available for self-employed assessees.&nbsp; Managed by the Central Government, <a href="https://www.editorji.com/story/ppf-small-saving-schemes-to-yield-up-to-1-4-less-1585719519096" target="_blank">PPF or Public Provident Fund</a> is one of the most popular saving schemes among Indian households as both the money in the PPF account and the returns it generates are guaranteed.The PPF scheme offers an attractive interest rate of 7.1% and since it comes under the Exempt-Exempt-Exempt (EEE) category of tax policy the principal amount, the maturity amount, as well as the interest earned is exempt from taxes.
<a href="https://www.editorji.com/business-news/economy/budget-2022-the-first-step-to-the-countdown-begins-with-gdp-today-1641522767932" target="_blank">Budget 2022: The first step to the countdown begins with GDP today</a>

Congress leader Priyanka Gandhi on Thursday led the opposition attack on govt over its flip flop on interest rates on small savings. The Congress general secretary asked Finance Minister Nirmala Sitharaman if the Centre's roll back of rate cut was a case of "oversight" as claimed or one of election-driven "hindsight". The Trinamool Congress, battling the BJP in West Bengal, also mocked the Union government. TMC leader Derek O'Brien tweeted that the rollback was an egg on the govt's face. Former finance minister P Chidambaram too slammed the govt on the move saying "there is nothing inadvertent about the govt notification and the BJP govt had decided to launch an assault on the middle class".

'Oversight or hindsight?': Opposition attacks govt over interest rate flip flop

'Oversight or hindsight?': Congress leader Priyanka Gandhi led the opposition attack on govt over its flip flop on small savings' rate cut.&nbsp;

'Oversight or hindsight?': Oppn attacks govt over interest rate flip flop

Congress leader Priyanka Gandhi on Thursday led the opposition attack on govt over its flip flop on interest rates on small savings. The Congress general secretary asked Finance Minister Nirmala Sitharaman if the Centre's roll back of rate cut was a case of "oversight" as claimed or one of election-driven "hindsight". The Trinamool Congress, battling the BJP in West Bengal, also mocked the Union government. TMC leader Derek O'Brien tweeted that the rollback was an egg on the govt's face. Former finance minister P Chidambaram too slammed the govt on the move saying "there is nothing inadvertent about the govt notification and the BJP govt had decided to launch an assault on the middle class".

Congress leader Priyanka Gandhi on Thursday led the opposition attack on govt over its flip flop on interest rates on Small Savings Schemes. The Congress general secretary asked Finance Minister Nirmala Sitharaman if the Centre's roll back of rate cut was a case of "oversight" as claimed or one of election-driven "hindsight". The Trinamool Congress, battling the BJP in West Bengal, also mocked the Union government on it's reversal,&nbsp;TMC leader Derek O'Brien tweeted that the rollback was an egg on the govt's face. Former finance minister P Chidambaram too slammed the govt on the move saying "there is nothing inadvertent about the govt notification and the BJP govt had decided to launch an assault on the middle class". The sharp&nbsp;rate cut would have set the PPF rate to the lowest level in 46 years.&nbsp;

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