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Treatment Of Interest accured on PPF Balance (Income Tax)

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This query is : Resolved

( Author )
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.


( 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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