Max Deduction for investing in PPF

Page no : 2

Venkat M (FCA) (133 Points)
Replied 12 January 2010

70000 is permissible limit pa.

CA Atul Singhal (prop) (450 Points)
Replied 12 January 2010

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.

CA. Megha Topiwala (Job) (1534 Points)
Replied 12 January 2010

Its 70,000 only...

RADHIKA JALAN (agarwal) (1521 Points)
Replied 12 January 2010

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

CA Radhika Arde (Chartered Accountant) (67 Points)
Replied 12 January 2010

Yes Max Deduction is Rs.70,000/-

Vivekranjan (CA FINAL) (99 Points)
Replied 12 January 2010

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.

Yash Sharma (CA - FINAL) (138 Points)
Replied 30 January 2010

deduction upto Rs. 70,000 is allowed for PPF.

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