Ppf interest


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 January 2018 Hi everyone,
By mistake I invested in my PPF account 2,50,000/-. Want to know dat what's the impact of PPF interest received during the year? Plz tell me is PPF interest is tax free from the whole amount or interest is tax free from 1,50,000/-?
Thanks in advance. Plz answer as early as possible.

17 January 2018 PPF Interest is Exempted income you can enter under the head under Exempted Income.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 January 2018 Means it doesn't matter how much amount I invest in PPF.

Renu Goyal (Expert)
18 January 2018 Amount of investment will be eligible for deduction u/s 80c subject to maximum limit of Rs 1,50,000 but the interest you earn on it is eligible for exemption u/s 10.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details