Max Deduction for investing in PPF

Dear jimmit,

u/s 80 C Maximium deduction is Rs. 1 Lac but in PPF the maximum amount that can be deposited in a year in a single account year is 70,000...

70000

Though 80C allows upto 1 lac.... PPF rules says only 70000....

ONLY 70000/- can be deposited in ppf account in a financial year.

in PPF max amount can be allowed 70000 Rs.

Under section 80C total deduction allows upto 1 lac only.... But in PPF rules, the maximum deduction is Rs.70000....

70000/- under PPF

If you want to take deduction of 100000 under section80C by investing only in PPF then invest Rs.70000 in self account and RS.30000in spouse

 The maximum deduction available under PPF is Rs70000/-

 Maximum Deduction u/s 80 C is RS. 100000 .

But, Maximum Deduction available in PPF is Rs. 70000

70000

 70,000/-

70000

Originally posted by : Bimal Thacker
	If you want to take deduction of 100000 under section80C by investing only in PPF then invest Rs.70000 in self account and RS.30000in spouse

Yes You can claim1,00,000  in this mannner  provided Your spouse doesnt claim and doesnt have any taxable iNCOME