Interest form voluntary PF A/c

This query is : Resolved

binu sukumaran (Querist)
Follow

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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

18 December 2021 For FY 2020-21, interest earned over VFP is tax-exempt, if withdrawn after 5 years.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.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok