banner_ad

ITR 1 and EPF and PPF Interest

ITR Filing 868 views 6 replies

This question specific to ITR 1

- Earlier I asked the question related to Bank Accounts section in Part E and I assume that it is only Saving accounts. 

- Does that it needs to mention PPF account as well ? 

- Also two years back EPF related rules change. If EPF contribution of Employee is 1,00,000. Does it needs to mention in ITR 1 (its interest).

- Do we need to mention PPF interest in ITR ? If yes then in which section. 

Replies (6)

1. Correct, no need to mention PPF account.

2. Interest taxable in case contribution of employee is more than 2.5 lakhs.

3. Schedule EI.

Thanks for response. 

Is Schedule EI and Section 10 is same ? 

if I assume it is same then Section 10(11) or Section 10(12) for PPF interest. 

Section 10 have some deduction that employer provide. 

Because if it is section 10 , it may finally cut from total gross amount. In that case do we need to include PPF interest in income from other sources ? 

Sec. 10 provides all the exempted incomes under different sub sections. The same is declared in ITR in Schedule EI.

Choose applicable subsections and declare them in ITR.

PPF interest is exempted from tax.

ITR 1 EPF INTEREST

As PPF interest is only for reporting purpose, Can it be put in Any other with desctiption PPF interest ? 

Yes, under sec. 10(11) IT act. 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details