Interest on PPF

Tax queries 2814 views 18 replies

Plz let me know about the taxability of Interest earned on Public Provident Fund

Replies (18)

NIL

 

1.You invest in PPF and you get a deduction on your income.

2.the interest you earn on it is tax-free.

3.Since it is a scheme run by the Government of India, it is also totally safe. You can be sure no one is going to run away with your money.

 

INVEST IN PPF HASSLE FREE...CHEERS

Interest earned on Public Provident fund is not taxable.  It is totally Tax Free.

Thanks,

CA M Sreenivasa Rao.

Interest earned on Public Provident fund is not taxable.  It is totally Tax Free.

agree with above.....

as per sec 80C Intrest on ppf is fully exempt from income tax

as per sec 80C intrest on ppf is fully exempt from income tax

I Agree with CA Praveen Singh n others......

If ppf is made on other than spose of child is not deductible.....

as per sec 80C intrest on ppf is fully exempt up to 70000.00

Yes interest is not taxable.

Originally posted by : CWASushil gupta

as per sec 80C intrest on ppf is fully exempt up to 70000.00

PPF interest has no limit for exemption, its exepmted for any amount no ceiling, 70000 ceiling is for "deposits during the year" not on interest. 

@ Momin

PPR interest is exempted "receipt" under income tax sec 10(11)

80C deduction is allowed for depositing amount in ppf a/c

while interest from ppf is exempted u/s 10(11) of IT Act

Interest On PPF is totally exempt

interest from ppf is totally exempt

agreed with Sharma Ji........


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