tax for interest on PPF

In article it says that Interest on PPF is totally exempt from tax.

But i searched in some more site it says that PPF comes under EET where the interest on the PPF will be taxable. can you explain which is correct.

asked Nov 12 '12 at 17:16 by pani 1112


As of now PPF is under EEE only and interest received is completely exempt from tax. In DTC (Direct Tax Code) there was a discussion to make it EET, but DTC is still not in place. Most probably they will leave PPF as EEE only as India doesn't have any other social security benefits for its citizens.

answered Nov 20 '12 at 13:22 by Phani R 2216713

link

Yes I totally agree with Pankaj and interest on PPF is tax free and you can claim a tax deduction of Rs 100000 maximum under sec 80c by investing in PPF

answered Jan 10 '13 at 10:59 by mayank66333 7114

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×778
×45
×14
×2

Asked: Nov 12 '12 at 17:16

Seen: 2,457 times

Last updated: Jan 10 '13 at 10:59