How to Show Interest Income From PPF , POSA & SSKY

1. The interest income from your daughter's PPF and Sukanya Samriddhi Account should be shown as exempt income in your income tax return.
2. For PPF account, show the interest income under Section 10(11).
3. For Sukanya Samriddhi Account, show the interest income under Section 10(11A).
4. The interest income from your Post Office Savings Account is also exempt, but you do not need to mention Section 10(15) specifically while filing your income tax return.

Simply include the interest income as exempt income in the appropriate section for interest income.

Dear Rakeshji Post office int income shown in 26AS and AIS under heading int from saving acts. We have to show it in other income first or else there will be mismatch. When we show it in exempt income it is the income like ppf int etc which is not shown in other income. In view of this please clarify procedure to reflect deduction of Post office int on saving act in ITR2

Post office saving bank int income is exempt under sect 10(15)(I) upto 7000/- for joint act and 3500/- for single act. This is over n above 80tta or 80 tab limit. Point is it is added to other saving act int but in itr2 where to show as deduction for the same under which schedule as no one is aware of it.

The cumulative impact of sections 10(15)(i) and 80TTA so maximum 10,000 allowed

Kindly refer income act from Income tax portal

10(15) (i) income by way of interest, premium on redemption or other payment on such securities, bonds, annuity certificates, savings certificates, other certificates issued by the Central Government and deposits as the Central Government may, by notification in the Official Gazette, specify in this behalf, subject to such conditions and limits as may be specified in the said notification ;

Why will tax free exempt income of PPF interest will come under Section 10(11)? As far as we read, Sec 10(11) and Sec 10(12) are exclusive for Statutory Provident Fund and Recognised Provident Fund. Is PPF one among them?

Please we r talking about post office saving bank act int n not ppf int

Please check the attached file for more clarification regarding Savings Interest Income from Post Office. It is exclusive of Sec 80 TTA Exemption of Rs 10000.

PPF INTEREST IS NOT EXEMPT UNDER SECTION 10 (11) . YOU ARE CORRECT.

iT IS EXEMPT UNDER SECTION 10 (15) . LOOK OUT FOR NOTIFICATION 

Which notification please.

Which notification please.

For ITR1 , AY 26-27

• What is correct Category and sub-category for PPF interest ? 

Will some expereinced CA reply about post office saving act int pl. Though it is exempt upto 7000 for jt act and upto 3500 for single act , you have to show as int income in other income and later deduct from exempt income with ppf int? I have been trying for last couple of years to get correct advice but to no avail. Could some knowledgeable person enlight all of us please