22 May 2014
I have a LIC policy of Rs. 65,000 due next February 2015 and I have already made a contribution of Rs. 35,000 in to my PPF account. That fills up my eligible deduction of Rs. 1,00,000 under Section 80C. Now my question is, can I make further contribution to my PPF account even though I do not want any tax exemption for this additional deposit? Up to how much can I contribute to it?
22 May 2014
Yes, You can make further contribution to your PPF a/c. A maximum deposit of Rs.100000/ can be made in a PPF account in one financial year.
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