Interest on PF & Interst on PPF
This query is : Resolved
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.
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
22 March 2008
Intt.on ppf is exempt u/s 10 and interest on P.F. is taxable as income from other sources.
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)
CA. Kirti S. Ganatra
(Expert)
24 March 2008
It is exempted. Show it in exempted income detail
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