Pravina Rathod (service) (25 Points)
05 February 2016
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 06 February 2016
Agree with Manisha
Tax bracket for PPF is EEE (i.e. Exempt, Exempt, Exempt). So contribution is exempted under 80C, Interest earned is tax exempted and withdrawal is also tax exempted.
Interest on NSC is only taxable and not the whole maturity amount.
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