Sukanya samriddhi scheme & ppf investments together

Thank you for your reply. I understand about claiming deduction, but can I invest in both schemes? PPF for myself with contribution of Rs 150000 and Sukanya Samriddhi for my minor daughter witth contribution of Rs 150000? Please clarify. Thanks

Thank you for your reply. I understand about claiming deduction, but can I invest in both schemes? PPF for myself with contribution of Rs 150000 and Sukanya Samriddhi for my minor daughter witth contribution of Rs 150000? Please clarify. Thanks

This is in reply to your answer regarding my query. A question came in my mind, that as you had mentioned that there is no investment bar in sukanaya scheme and PPF, but only deduction of 150000 is allowed. Please let me know the following.

1. Any interest income in PPF and Sukanya scheme beyond Rs 150000 will be taxable or not? 

Thank you. Regards.

Thank you. As I know it is taxfree, but this does not solve my query. As myself have a PPF A/c, my minor daughter have a PPF account and Sukanya samriddhi account. I understand that if I contribute Rs 500 per year to my minor daughter's PPF account and in my personal PPF account I contribute Rs 149500 and in her Sukanya account I contribute Rs 150000 per year. Is it OK? As I will claim deduction of only Rs 150000 [ Rs 500 + Rs 149500 ], so can I subscribe Rs 150000 in her Sukanya account this way? Please clarify. Thank you. Regards.