Maximum deposit limit for myself and my son in PPF?

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?
2- What is the maximum deposit limit for myself and my son in PPF?

Maximum payment of Rs.70000/- is allowed in a financial year.

Maximium deposit in your own PPF account is allowed is Rs. 70,000/-

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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?

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You can claim upto Rs. 70,000/- deduction.

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2- What is the maximum deposit limit for myself and my son in PPF?

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Rs. 1,00,000/- but you can claim upto Rs. 70,000/- deduction in IT.