Ppf in post office

Tax planning 313 views 9 replies

Dear Sir / Madam,

I have Post Office PPF account and Following My deposit amounts

21/10/2017 - Rs. 1000

08/02/2018 - Rs. 11000

28/02/2018 - Rs. 35000    - Total Deposits Rs. 46000...

 

Can I claim PPF deduction above said Rs. 46000...?

Replies (9)

Yes, you can claim PPF deposit deduction u/s 80C.

Further, interest from PPF is also exempt u/s 10(11).

Thank You for the reply...

It's mean I claim the PPF amount in 80C... 

Also in Employment PF deducted Rs. 21600 (12*1800). Can I Claim this amount?

 

Yes u/S 80c you can claim deduction for Rs.46000
PPF and EPF both allowed u/s 80C but to the extent of Rs. 150000
Yes you can claim whole amount as deduction u/S 80c

Yes u/s 80C you can claim deduction for Rs.46000  and Interest on PPF is also exempt u/s 10(11)

Under Section 80C you can Claim Upto Rs. 1,50,000.00 for Investment in your PPF & PF.

Yes you can claim Rs 46000 [ur deposit in PPF] and Rs 21600 [Employment PF] both in 80C.

U still have scope of Rs 82400 to be claimed in 80C

Yes you can claim both deduction u/s 80c, maximum amount Rs. 150000


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