Maximium deposit in your own PPF account is allowed is Rs. 70,000/-
Quote Originally Posted by alok07 View Post
I want to deposit Rs. 70000 in my PPF account and Rs. 30000 in my son P.P.F. account. Please advice -
1- How much deduction will be allowed for me from PPF from gross total income?
You can claim upto Rs. 70,000/- deduction.
2- What is the maximum deposit limit for myself and my son in PPF?
Rs. 1,00,000/- but you can claim upto Rs. 70,000/- deduction in IT.