Treatment Of Interest accured on PPF Balance
This query is : Resolved
CA Sanjay Baheti
(Querist)
22 July 2010
I know that Interest accured on PPF balance annualy is exempt Income but under which section of I.T.Act ,Please confirm.
CA Sanat Pyne
(Expert)
22 July 2010
The interest earned from Public Provident Fund is totally exempt from tax under Section 10(11) of the Income Tax Act
Message likes :
1 times
22 July 2010
It is section 10(11) of the income tax Act,1961.
22 July 2010
exempt u/s 10(11)
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