wht is the maximum limit for investing money in ppf account
can i invest 150000(deduction only restricted or investment restricted)
or the limit is upto 100000 p.a
Deepak Parsai
(Future CA)
(623 Points)
Replied 31 May 2012
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 31 May 2012
The maximum limit has recently been increased to Rs. 1,00,000/- from 70,000/-.
Deepak Parsai
(Future CA)
(623 Points)
Replied 31 May 2012
Deepak Parsai
(Future CA)
(623 Points)
Replied 31 May 2012
Mukesh Choudhary
(IPCC)
(137 Points)
Replied 31 May 2012
MR. PRATEEK IS RIGHT, THE LIMIT FOR PPF INCREASED TO RS.100000/PA (CEASE ONLY UP TO RS.100000/PA) FROM 70000/PA.
FULL AMOUNT IS ELIGIBLE TO CLAIM DEDUCTION U/S 80C UP TO RS.100000/- ONLY EVEN DEPOSIT IS MORE THAN RS.100000/-.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 31 May 2012
Deepak and Hiten,
I am talking about the maximum deposit in a PPF account. The same coincides with 80C deduction.
Hence, you can invest Maximum Rs 1,00,000/- in a PPF account now. (Minimum 500/-)