Ppf deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 July 2014 If any person has already deposited 1 Lacs rupees in PPF account. Now, can he avail the deduction of Rs. 1.5 Lacs in current year if he deposits Rs. 0.50 Lacs more to PPF account?

16 July 2014 yes. for FY 2014-15, 1.5 lac deduction should be available. But atleast wait for budget to be ratified.

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Querist : Anonymous

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16 July 2014 Is the deduction not available for A.Y. 2014-15?

16 July 2014 no. not for AY 2014-15...it shall be made applicable for AY 2015-16.


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