04 March 2009
Thank you Sir, I would like to know further regarding this, because u/s 10(11) of the Income Tax ACt, 1961, it is mentioned that any payments. Could you please explain to me further in this regard...
04 March 2009
under ppf deduction under section 80 C is available and when on maturity the lump sum amount is received is exempt from tax and also the interest credit to the provident fund too is exempt at the time of receipt.
any paymnet means interest credit as well as the payment made towards the provident fund under section 80C is exempt.
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