I want to invest 80,000 in Public Provident Fund every year. I searched Public Provident Fund details on net and found these points from different sites.

1.Max limit is 1,00,000 rs.
2.Interest is tax free.
3.To get max benefit from the Public Provident Fund investment is to deposit in between April 1 - April 5.
4.Only one account is allowed for one person.

I want to know is it a EET [exempt,exempt,tax] method as after the 15th year when the sum matures the principle is TAXED.

I think if it is taxed then I will never invest in this,.

Found the below tag on "rediff"

"This can be termed as deferment of tax and not saving of tax"

ram

No PPF is the only instrument which will be under EEE even after dtc comes.

Basically PPF money is used by government for their personal financial issue or providing jobs or welfare program.

Since PPF have very long lock-in in most cases.Government have kept it under EEE so that all can take benefit.But mostly people after doing some invetment forget it or become careless and government gets the money cheap with good lock-in to pay back.