Plz let me know about the taxability of Interest earned on Public Provident Fund
Plz let me know about the taxability of Interest earned on Public Provident Fund
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........
Your are not logged in . Please login to post replies
Click here to Login / Register
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
India's largest network for
finance professionals