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Matter of ppf

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Guest

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Guest (Querist)
02 March 2012 gud evening to all experts,
i would like to know that i have ppf a\c in sbi bank 50000 . than will i take deduction of it. and this will include in 80 c 1 lakh amt.
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CA.rajni kalsariya

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CA.rajni kalsariya (Expert)
02 March 2012 yes it is deductible from u r total income u/s 80c in 1 lakh limits.
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Guest

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Guest (Expert)
02 March 2012 PPF investments are eligible for deduction u/s 80C and included in limit of 100000.
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anurag

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anurag (Expert)
02 March 2012 now one can take deduction up to 1 lacs in ppf.
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Guest

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Guest (Querist)
03 March 2012 thanks sir but what benfit to take ppf upto 1 lakh 80 c limit also 1 lakh
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 October 2021 When you have invested Rs. 50000/- in your PPF account, allowable deductionu/s. 80C will be only for Rs. 50,000/- (though the limit be higher)
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