Salaries - u/s17(1)
This query is : Resolved
08 March 2008
Hi, i read in TN Manoharan's material that the interest on the balance in PPF credited in excess of 8.5% is taxable u/s17(1). But some other materials like Singhania say it is 9.5% Please help as which is the correct percent
08 March 2008
The rate is subject to change based on the announcement by Govt. from time to time
08 March 2008
THE PRESENT RATE DECIDED BY CENTRAL P. F BOARD TRUSTEES IN INDIA IS 8.5%.OTHER MEMBERS MAY ALSO CONFIRM THE PRESENT RATE.
R.V.RAO
R.V.RAO
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