HOW MUCH MAXIMUM AMT IS DEPOSITED IN PPF A/C IN ONE YEAR?AND HOW MUCH AMT IS ELIGIBLE FOR DEDUCTION U/S 80C FOR PPF
1 Replies
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 13 April 2011
Public Provident Fund (PPF): Among all the assured returns small saving schemes, Public Provident Fund (PPF) is one of the best. Current rate of interest is 8% tax-free and the normal maturity period is 15 years. Minimum amount of contribution is Rs 500 and maximum is Rs 70,000. A point worth noting is that interest rate is assured but not fixed.
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