An annual investment of 1.5 lakh rupees into a PPF account qualifies for the exempt-exempt-exempt classification, which entitles taxpayers to the Section 80C income tax benefit.
The Employees Provident Fund Organisation (EPFO) is a statuary body which assists Central Board in administering compulsory contributory Provident Fund Scheme, Pension Scheme and Insurance Scheme for the workforce engaged in the organised sector in India.