Can now we start investing Rs. 1.50 lacs in PPF? Because banks have not till receive any notification for the same. Will it be eligible for interest and tax saving?
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Section 80c - ppf limit
Replies (10)
Also pls advise wether this additional 50 thousand if only to be invested in PPF ?
Yes Sujal,
u can invest upto 1,50,000/- in PPF for getting tax exemption.
Sanjay,
you can invest additional 50,000/- in any of the instrument(lic premium, 5 yr FD,etc) covered under 80C, not only in PPF.
Maximum investment limit for claimimg tax ded u/s 80C is 1,50,000/-
| Originally posted by : saloni | ||
 |
Yes Sujal, u can invest upto 1,50,000/- in PPF for getting tax exemption. Sanjay, you can invest additional 50,000/- in any of the instrument(lic premium, 5 yr FD,etc) covered under 80C, not only in PPF. Maximum investment limit for claimimg tax ded u/s 80C is 1,50,000/- |
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U will invest 1.50lakhs u/ s 80C eligible
1.50 lakh for 80c so u can invest in all instrument cover in this section
I want to know about of t-2 form
Hi
I have attached FAQs related to T-2 Form.
Hello,
The minimum amount needed to be invested every year is Rs.500. The maximum amount of investment allowed every year is Rs.1.5 lac. You can make investments through a maximum of 12 installments per year.
Not making the minimum investment in a year will attract a penalty of Rs50.
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