can i avail interest on PF as deduction u/s 80c.......?
4 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 07 July 2016
No, that is not permitted. But interest on RPF to the extent of 9.5% pa is exempt from tax.
Thirumalai Kumar
(Practicing Cost Accountant)
(213 Points)
Replied 07 July 2016
RPF interest exempt upto 9.50%
Thirumalai Kumar
(Practicing Cost Accountant)
(213 Points)
Replied 07 July 2016
if exceeding 9.50% added to your salary, which means it is taxable income
so you cannot claim interest on pf u/s 80 C
so you cannot claim interest on pf u/s 80 C
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 08 July 2016
interest on PF is exempted under section 10
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