Interest on pf

vijay (Ariticle) (101 Points)

07 July 2016

can i avail interest on PF as deduction u/s 80c.......?

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4 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 07 July 2016

No, that is not permitted. But interest on RPF to the extent of 9.5% pa is exempt from tax.

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Thirumalai Kumar (Practicing Cost Accountant) (213 Points)
Replied 07 July 2016

RPF interest exempt upto 9.50%

Thirumalai Kumar (Practicing Cost Accountant) (213 Points)
Replied 07 July 2016

if exceeding 9.50% added to your salary, which means it is taxable income

so you cannot claim interest on pf u/s 80 C

Dinesh Mertiya (PROFESSIONAL) (761 Points)
Replied 08 July 2016

interest on PF is exempted under section 10

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