Is int. on ppf taxable
This query is : Resolved
07 November 2013
if I have invested amount in PPF, will the same and intrest earned on PPF be taxable at time of withdrawal?
CA Parul Saxena
(Expert)
07 November 2013
interest earned on PPF is fully exempted from tax.....
CA Pallav Singhania
(Expert)
07 November 2013
As PPF interest is exempted u/s 10(11),
It is one of the very few investment options that fall under EEE (exempt-exempt-exempt) tax regime.
This means that not only the investor can enjoy deduction on the amount invested in PPF but the interest received on maturity is also exempted from tax.
It is one of the very few investment options that fall under EEE (exempt-exempt-exempt) tax regime.
This means that not only the investor can enjoy deduction on the amount invested in PPF but the interest received on maturity is also exempted from tax.
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