Max Deduction for investing in PPF

70000  is  permissible limit pa.

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

Ya i agree with u. Deduction of Rs.100000 can be taken be this way.

Its 70,000 only...

i agree with amir...............

Yes Max Deduction is Rs.70,000/-

For  Sec. 80C the limit is Rs.1,00,000/- but under Sec. 80 C the limit for PPF is Rs.70,000/- and you can open only one PPF account in any one bank.