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Treatment Of Interest accured on PPF Balance

This query is : Resolved 
 

(Querist)
22 July 2010

I know that Interest accured on PPF balance annualy is exempt Income but under which section of I.T.Act ,Please confirm.


CA. SANAT PYNE (Expert)
22 July 2010

The interest earned from Public Provident Fund is totally exempt from tax under Section 10(11) of the Income Tax Act

B.Chackrapani Warrier (Expert)
22 July 2010

It is section 10(11) of the income tax Act,1961.

CMA. CS. Sanjay Gupta (Expert)

22 July 2010

exempt u/s 10(11)



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