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does amt received under ppf from employer taxable aftr leaving ofce???
tds has been deducted frm interest recd frm ppf
Replies (4)
see deduction under section 80 C
Sir the amt ws withdrawn frm ppf account aftr leaving job... nd company hs deducted tds on interest frm ppf...
does this ppf amt chargeable to tax??
no deduction ..this is exempt from tax..
section 10(11) for statutory pf/ppf
10(12)for RPF
approved super annuation fund 10(13)
this is supposed not to be deducted bxs at the time of salary computation during service .interest income on and above of specified limit is cgargable to tax i.e 9.5% ..hence again no deductionnis required.
if earlier u have not paid tds on excees interest rate then u have to pay tds now..so b clear that ealier u have paid tax or not.
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