Plz let me know about the taxability of Interest earned on Public Provident Fund
18 Replies
Swapnil Jain
(Finance - FP&A)
(564 Points)
Replied 09 October 2011
NIL
1.You invest in PPF and you get a deduction on your income.
2.the interest you earn on it is tax-free.
3.Since it is a scheme run by the Government of India, it is also totally safe. You can be sure no one is going to run away with your money.
INVEST IN PPF HASSLE FREE...CHEERS
CA Sreenivasa Rao Munaga
(Chartered Accountant)
(1083 Points)
Replied 09 October 2011
Interest earned on Public Provident fund is not taxable. It is totally Tax Free.
Thanks,
CA M Sreenivasa Rao.
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 09 October 2011
Interest earned on Public Provident fund is not taxable. It is totally Tax Free.
agree with above.....
Rahul Suneja
(CA-Final, CS-Exec)
(215 Points)
Replied 09 October 2011
as per sec 80C Intrest on ppf is fully exempt from income tax
Rahul Suneja
(CA-Final, CS-Exec)
(215 Points)
Replied 09 October 2011
as per sec 80C intrest on ppf is fully exempt from income tax
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 09 October 2011
I Agree with CA Praveen Singh n others......
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 10 October 2011
If ppf is made on other than spose of child is not deductible.....
CWASushil gupta
(Job)
(29 Points)
Replied 10 October 2011
as per sec 80C intrest on ppf is fully exempt up to 70000.00
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 10 October 2011
| Originally posted by : CWASushil gupta | ||
 |
as per sec 80C intrest on ppf is fully exempt up to 70000.00 |
 |
PPF interest has no limit for exemption, its exepmted for any amount no ceiling, 70000 ceiling is for "deposits during the year" not on interest.
@ Momin
PPR interest is exempted "receipt" under income tax sec 10(11)
CA Rahul Jain
(CA)
(1162 Points)
Replied 10 October 2011
80C deduction is allowed for depositing amount in ppf a/c
while interest from ppf is exempted u/s 10(11) of IT Act
CA. Manish Chandarana
(Practising CA)
(100 Points)
Replied 10 October 2011
Interest On PPF is totally exempt
CA Ksheerabthi Nathan
(CA in practise)
(167 Points)
Replied 10 October 2011
interest from ppf is totally exempt
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