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vineeta (article assissant) (112 Points)

30 March 2014

does amt received under ppf from employer taxable aftr leaving ofce??? tds has been deducted frm interest recd frm ppf

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CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
Replied 31 March 2014

see deduction under section 80 C

vineeta (article assissant) (112 Points)
Replied 31 March 2014

Sir the amt ws withdrawn frm ppf account aftr leaving job... nd company hs deducted tds on interest frm ppf... does this ppf amt chargeable to tax??

CA Saroj Kumar (Keen to learn something new every moments) (2588 Points)
Replied 31 March 2014

no deduction ..this is exempt from tax.. section 10(11) for statutory pf/ppf 10(12)for RPF approved super annuation fund 10(13) this is supposed not to be deducted bxs at the time of salary computation during service .interest income on and above of specified limit is cgargable to tax i.e 9.5% ..hence again no deductionnis required.