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INterest on PPF

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2011
IS Interest Income on PPF taxable??

Kindly suggest with authentic supporting.

Thanks in advance
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 July 2011 Tax free as per section 10(11) of IT Act,1961
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
05 July 2011 AGREED WITH EXPERTS ,

DEAR AUTHOR PLEASE ALSO NOTED THAT,

The minimum amount to be deposited in this account is Rs 500 per year. The maximum amount you can deposit every year is Rs 70,000. The interest you will earn is 8% per annum.
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2011 Thanx B.Chackrapani Warrier & RAMESH KUMAR VERMA Sir
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