banner_ad

Ppf investment

Tax planning 697 views 1 replies

Hi,

PPF allows investment upto 1Lakh (max) in one financial for interest calc but voluntary addition of amount is not restricted to 1lakh. So does this mean that the amount added >1Lakh will be used as base/balance amount for next yr calc?

Eg. In 2012 invested 2 Lakh in PPF. So interest will be calc for 1Lakh per say 8.8%. So in 2013 the balance amount in PPF will be 208800 (2Lakh + 8800Rs interest)  and interest of 18374Rs (8.8% of 208800) will be credited for 2013?

Thanks

Replies (1)

PPF will ask you to take refund of amount exceeding 1 Lacs per annum.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details