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OPERATING MY PPF, MY MINOR DAUGHTER'S PPF & SUKANYA A/C TOGETHER

Tax planning 332 views 1 replies

I have my own PPF account.  I have opened a PPF A/c and Sukanya Samriddhi A/c for my minor daughter. I have 2 queries regarding this, as below.

1. I am subscribing to full in my PPF A/c for the year.
2. Can I also subscribe full amount of Rs.1.5.lakhs for my minor daughter in PPF & also full amount of Rs. 1.5 lakhs  in sukanya samriddhi a/c. 

I understand that I will only get 1 exemption. Is it ok to subscribe to my personal PPF A/c, my minor daughter's PPF A/c and her sukanya samriddhi a/c in full contributions for the year.

Please advice. Thank you. Regards

 

 

Replies (1)
Yes the limits are on individual accounts and not combined so you can subscribe individually according to the limits of each account and can get exemption of total 150000


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