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...?
S ELAVARASI (ACCOUNTANT) (2975 Points)
16 August 2018Dear 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...?
Deepak Gupta
(CA Student)
(15922 Points)
Replied 16 August 2018
Yes, you can claim PPF deposit deduction u/s 80C.
Further, interest from PPF is also exempt u/s 10(11).
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 16 August 2018
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?
Neelam Chawla
(40 Points)
Replied 16 August 2018
Deepika Yadav
(561 Points)
Replied 16 August 2018
Ajay Yadav
(student)
(26 Points)
Replied 17 August 2018
Yes u/s 80C you can claim deduction for Rs.46000 and Interest on PPF is also exempt u/s 10(11)
Ajay Yadav
(student)
(26 Points)
Replied 17 August 2018
Under Section 80C you can Claim Upto Rs. 1,50,000.00 for Investment in your PPF & PF.
Kirti Sitani
(.)
(46 Points)
Replied 18 August 2018
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
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