I have deposited RS 70000 for financial yr2010-2011 in ppf accnt ,My query is can I deposit RS 70000 for evry yr upto 15 years and also can i get tax benefit for every year for my deposited amount.
Re: regarding max amt i.e 70000 in ppf account
by rajesh gole on Jan 16, 2013 01:36 PM Permalink
now the maximum deposit limit is 1,00,000 per year till 15 years. this amount is eligible for tax benifit.
Re: regarding max amt i.e 70000 in ppf account
by N Venkatraman on Jun 22, 2011 12:44 PM Permalink
Yes, you can get tax benefit for every year for the amount you deposit in that FY.
