19 August 2013
IN MY FAMILY I HAVE 3 PPF ACCNTS ,ONE IS MINE,ONE OF MY MINOR DAUGHTER AND ONE OF MY MINOR SON .bOTH CHILDREN ACCOUNT I AM SUBSCRIBING. hOW MUCH CAN I SAVE IN TOTAL OF THREE acC AND HOW MUCH IS ELIGIBLE FOR TAX SAVING.
19 August 2013
Investment in PPF is eligible to get deduction from Income Tax u/s 80C, if amt deposited during the financial year in the name of Self Spouce or children with lock period of 5 Years
Further whole amt. of Interest credit in PPF a/c is exempt in the hand of Assessee u/s 10(11)
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