Maximum ppf deduction under 80c
This query is : Resolved
dheeraj kumar
(Querist)
05 March 2013
Sir
Please tell maximum deduction under 80c of FOR INVESTMENT IN PPF FOR THE F.Y. 2012-13
SOME ARE SAYING MAXIMUM LIMIT IS 70000
SOME ARE SAYING IT IS 1 LAC
PL GIVE EXACT NOTIFICATION FOR THE YEAR F.Y. 2012-13(A.Y. 2013-14)
Thanks & Regards
Dheeraj Kumar
Please tell maximum deduction under 80c of FOR INVESTMENT IN PPF FOR THE F.Y. 2012-13
SOME ARE SAYING MAXIMUM LIMIT IS 70000
SOME ARE SAYING IT IS 1 LAC
PL GIVE EXACT NOTIFICATION FOR THE YEAR F.Y. 2012-13(A.Y. 2013-14)
Thanks & Regards
Dheeraj Kumar
CA Mahavir Shah
(Expert)
05 March 2013
In 2011 Government has Increased PPF contribution limit from Rs.70000 to Rs.100000 via NOTIFICATION [F.No. 1/9/2011-NS-II], dated 25-11-2011.
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