According to new rule. The PPF Limit is 100000 Please find below screen It should be 70,000 but i can see in my system 70,000 and 100000 Iam bit confused please help me out Is below old screen is correct to make to 99.99.999. How do i go process to make necessary changes??
The Public Provident Fund limit for investment fund in the system is up to 70,000. Henceforth, the PPF limit for investment fund will be up to 99,99,999. The overall limit for PPF will fall in the basket of limit under Section 80C which is 1 Lakh.
CourtesySAP
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| Note Number | 1983034 |
| Topic | |
| Version | 1 |
| Validity | 24.02.2014 |
| Reason and Prerequisites | Legal change |
| Release Status | Released for Customer |
| Released on | 24.02.2014 19:18:41 |
| Priority | Correction with medium priority |
The Public Provident Fund limit for investment fund in the system is up to 70,000. Henceforth, the PPF limit for investment fund will be up to 99,99,999. The overall limit for PPF will fall in the basket of limit under Section 80C which is 1 Lakh.