Interest form voluntary PF A/c
This query is : Resolved
binu sukumaran
(Querist)
18 December 2021
sir,
during 20-21 financial year I received 649 by way of interest from voluntary PF A/C.
While I try to add this amt in ITR I, Is show "Interest from Saving Account" in other income head .
my doubt is Rs 649 is not from interest from saving account .
whether I need to add this amount.
Please advise
with regards
Binu
during 20-21 financial year I received 649 by way of interest from voluntary PF A/C.
While I try to add this amt in ITR I, Is show "Interest from Saving Account" in other income head .
my doubt is Rs 649 is not from interest from saving account .
whether I need to add this amount.
Please advise
with regards
Binu
Dhirajlal Rambhia
(Expert)
18 December 2021
For FY 2020-21, interest earned over VFP is tax-exempt, if withdrawn after 5 years.
So, if its accrued interest declare the same under Exempt income.
So, if its accrued interest declare the same under Exempt income.
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