PPF Interest eligible for 80C Deduction?

Intt. on PPF is exempt income.

 I AGREE WITH SHAMITA.

IT IS AN EXEMPT INCOME NO QUESTION ARISES AS TO IT BEING CONSIDERED U/S 80C.

Text of Section 80C (1) says :

1. In computing the total income of an assessee, being an individual or a Hindu undivided
    family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole
    of the amount paid or deposited in the previous year, being the aggregate of the sums referred to in subsection
    (2), as does not exceed one lakh rupees.

2. The sums referred to in sub-section (1) shall be any sums paid or deposited in the previous year by the assessee—

....

(iv) as a contribution by an individual to any provident fund to which the Provident Funds Act,
1925 (19 of 1925) applies;

So Section 80C uses the words "amount paid or deposited" and not the words "amount accrued or credited". Hence Interest on PPF is not eligible for deduction u/s 80C. It shall be exempt income.

INTEREST ON PPF IS EXEMPT INCOME U/S 1O(11)

AMOUNT DEPOSITED IN PPF EXEMPT U/S 80C

PPF INTEREST U/S 80C IS NOT ELIGIBLE FOR DEDUCTION .

PPF Interest is Exempted.

 in the present TAX structure PPF is covered under  EEE (exempt,exempt,exempt ) model hence interest  on PPF is exempt.

ppf interest is nt eligible for deduction u/s 80c

bt it is exempted

INTEREST ON PPF IS A EXEMPT INCOME

IT SHOULD BE EXCLUDED FROM NET TOTAL INCOME BEFORE CALCULATING ANY TAX

Further above; I would like to add the word "Contribution by an individual" is important and not "paid or deposited".

Also, till date, I havnt seen any case laws/judgement on 80C. It may be because AO is not interested in disallowing any/such deduction which in any case shall be not more than Rs. 1 lac.

On above thinking, one can always take advantage of section 80C at owns risk.

Thanks and Regards

PPF interest is already exempted..

PPF interest is exempt... as per IT Act, an individual can not claim dudction against that income which is already been declared exempt...