Is interest on ppf received tax free?
Is interest on ppf received tax free?
Yes but i think it will be exempted only upto 100000 u/s 80c.
Kindly correct me if i am wrong.
Hi Friends,
Interest on PPF is exempt u/s 10(15) without any limit.
No Amir ....the section u wrote is incorrect!!!!
Interest on PPF is exempt u/s 10(11) under 80c.
HI Rohit,
Thanks buddy for the correction I just mixed it up with Interest on Post office Savings Bank Account.
CAclubindia
