Matter of ppf
This query is : Resolved
Guest
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.
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.
CA.rajni kalsariya
(Expert)
02 March 2012
yes it is deductible from u r total income u/s 80c in 1 lakh limits.
Guest
Guest
(Expert)
02 March 2012
PPF investments are eligible for deduction u/s 80C and included in limit of 100000.
Guest
Guest
(Querist)
03 March 2012
thanks sir but what benfit to take ppf upto 1 lakh 80 c limit also 1 lakh
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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