Subscription limit of ppf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2012
Dear Sir,
The government has recently raised the Public Provident Fund limit to 100000 Rs.
I am having one account in my name and the other account in my minor daughters name.
Please advise how much maximum can I invest in both accounts?
Upper limit of one lakh Rs is for my account and my minor daughters account clubbed together?
Or I can invest one lakh rupees per year in each accounts?
Thanks in advance
Rajesh
The government has recently raised the Public Provident Fund limit to 100000 Rs.
I am having one account in my name and the other account in my minor daughters name.
Please advise how much maximum can I invest in both accounts?
Upper limit of one lakh Rs is for my account and my minor daughters account clubbed together?
Or I can invest one lakh rupees per year in each accounts?
Thanks in advance
Rajesh
09 February 2012
You can invest Rs 100000/- each in both account. But you will get deduction u/s 80C of only Rs 100000/-
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