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Interest on PF & Interst on PPF

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(Querist)
22 March 2008 I am PCC Student, in our firm we are using software for computation of income tax named as Taxbase,I want to know what is tax treatment of Income from Interest on PF & Interst on PPF.
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pushpendra

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pushpendra (Expert)
22 March 2008 Intt.on ppf is exempt u/s 10 and interest on P.F. is depends on the type of fund and facts to facts of the case
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laxman

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laxman (Expert)
22 March 2008 Intt.on ppf is exempt u/s 10 and interest on P.F. is taxable as income from other sources.
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K V Subba Rao

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K V Subba Rao (Expert)
23 March 2008 Interest credited to Recognised Provident Fund is also exempt from tax (Source: Para 17 of 29th edition of Singhania's Direct Taxes Ready Reckoner)
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Expert)
24 March 2008 It is exempted. Show it in exempted income detail
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