Interest from ppf
This query is : Resolved
Guest
Guest
(Querist)
22 October 2011
does interest from ppf form a part of total income?
CA. Deepak Narula
(Expert)
22 October 2011
It is totally exempt from income tax and doe not form part of total income.
22 October 2011
PPF interest is tax free u/s 10(11) of the Income tax Act,1961.
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