PPF INTEREST

janak panchal (Accountant) (25 Points)

02 June 2010

Is interest on ppf received tax free?

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4 Replies

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 02 June 2010

Yes but i think it will be exempted only upto 100000 u/s 80c.

Kindly correct me if i am wrong.

Amir (Learner) (4016 Points)
Replied 02 June 2010

Hi Friends,

Interest on PPF is exempt u/s 10(15) without any limit.

rohit (Chartered Accountant) (101 Points)
Replied 03 June 2010

No Amir ....the section u wrote is incorrect!!!!

Interest on PPF is exempt u/s 10(11) under 80c.

Amir (Learner) (4016 Points)
Replied 03 June 2010

HI Rohit,

Thanks buddy for the correction I just mixed it up with Interest on Post office Savings Bank Account.

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