interest on PF after retirement

hello freinds


my father is retired from IOCL on August'06. but he was not withdraw his Providend Fund from the company.


so company is giving interest on that @ 9.5 % also after retirement


my question is what is the treatment of Interest on Providend Fund received after retirement. for retirement period i.e. august'06 to March'07 as per act.


is it exempt up to 8.5 % or it is taxable under the head Income from Other sources


pls give reply with.

Replies (2)

Mr.Chintan

Interest on providend fund is completely exempted u/s 10(11) of the Income-tax Act, 1961. 

Best Wishes

Sathikonda

Yupp Mr. Sathikonda is right on target. Interest is free from tax even after retirement.

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