interest on provident fund taxable or not?
give suggestions.
Interest on Public provident fund is exempt.
Bannu Sathvik (4 Points)
04 September 2020
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 04 September 2020
Interest on Public provident fund is exempt.
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 04 September 2020
For salaried individuals, the monthly contribution towards the Employee's Provident Fund (EPF) remains the only forced savings mechanism. Not only is the contribution eligible for tax benefits under Section 80C, both the interest earned and money received on super annuation are tax-free.
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