Online Updated Classes for CA CS CMA Subjects for Nov 21/May 22 Exams. Enroll Now!! Call: 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Afzal Momin (CA FINAL)     09 October 2011

Interest on PPF

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



 18 Replies

Swapnil Jain

Swapnil Jain (Finance - FP&A)     09 October 2011

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

1 Like
CA Sreenivasa Rao Munaga

CA Sreenivasa Rao Munaga (Chartered Accountant)     09 October 2011

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

Thanks,

CA M Sreenivasa Rao.

CA PRAVEEN SINGH

CA PRAVEEN SINGH (MANAGER ACCOUNTS)     09 October 2011

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

agree with above.....

Rahul Suneja

Rahul Suneja (CA-Final, CS-Exec)     09 October 2011

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

Rahul Suneja

Rahul Suneja (CA-Final, CS-Exec)     09 October 2011

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

CA Goutam Sharma

CA Goutam Sharma (Chartered Accountant in Practice)     09 October 2011

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

CS RAJESH C.CHOUDHARY

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER)     10 October 2011

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

CWASushil gupta

CWASushil gupta (Job)     10 October 2011

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

CS Bijoy

CS Bijoy (Expert)     10 October 2011

Yes interest is not taxable.

U S Sharma

U S Sharma (glidor@gmail.com)     10 October 2011

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)

2 Like
CA Rahul Jain

CA Rahul Jain (CA)     10 October 2011

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

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

CA. Manish Chandarana

CA. Manish Chandarana (Practising CA)     10 October 2011

Interest On PPF is totally exempt

CA Ksheerabthi Nathan

CA Ksheerabthi Nathan (CA in practise)     10 October 2011

interest from ppf is totally exempt

CA Mukul Mittal

CA Mukul Mittal (CA in practice)     10 October 2011

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


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags