Maximium deposit in your own PPF account is allowed is Rs. 70,000/-
Originally Posted by alok07
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.
Amit Pls follow Rules/Guidelines @ PolicyWala “The happiest people are not those who live on their own terms…but are those who change their terms for the ones whom they love”