Ppf provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2011
PPF Provision
10 December 2011
Every year Rs. 1,00,000/- can be deposited in the account. Amount deposited can be claimed as deduction from income under section 80C of the Income tax Act,1961 subject to the conditions of that section. Interest on PPF deposit is tax free.
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