PPF for children: Can both parents contribute to the account and claim tax deductions?
· livemint.com
PPF is a long-term savings scheme with tax benefits. Parents can open a PPF account for minors, but total contributions by both parents cannot exceed ₹1.5 lakh annually. Details here.
Public Provident Fund (PPF) is a popular long-term savings option to build a tax-efficient corpus. For parents looking to give their child a head start in their...