70000 is permissible limit pa.
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Max Deduction for investing in PPF
| 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.
deduction upto Rs. 70,000 is allowed for PPF.
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