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Thread: Maximum deposit limit for myself and my son in PPF?

  1. #1
    PolicyWala Newbie
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    Question 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?



  2. #2
    Super Moderator PolicyWala's Avatar
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    Default

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

  3. #3
    Moderator
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    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.
    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”


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