PPF account

Dear Sir,

Though PPF interest is exempt income but you need to report such income under Schedule EI if was obligatory for you to file ITR.

No need to show Employer contribution to PF in ITR.

Thanks

Hi

You should show current year's PPF interest in exempt income. PPF interest is exempt from tax. It is only for reporting purpose. You may even opt to show entire PPF interest at the time of withdrawal.

Employer's contribution to PF need not be shown anywhere in ITR.

Dear Sir,

Hope you are doing well !

PPF falls under EEE (Exempt,Exempt,Exempt) tax basket. Contribution to PPF account is eligible for tax benefit under Section 80C of the Income Tax Act. Interest earned is exempt from income tax and maturity proceeds are also exempt from tax.

You should show current year's PPF interest in exempt income.

Employer's contribution to PPF need not to be shown anywhere in income tax return.

Thanks & Regards,

Payal Chhajed

Hello Sir

PPF interest is an exempted income and amount received on maturity is also exempted.

You should show current year's PPF interest in exempt income.

Employer's contribution to PPF need not to be shown anywhere in income tax return.

Hi

This is more of a reporting requirement and in case if you have missed it in the last 4 years, you can directly show the PPF interest as exempt income in the year of maturity.

Employer's contribution to PF need not be shown in ITR.

Hope that clarifies,

Regards,

Nikhil

As PPF int is exempt so shown in EI sheet of ITR shown annually on accrual basis Employee contribution of PF is part of salary

Hi,

Yes you can show the entire interest under exempt income.

Thanks

No problem. You can show the total interest under exempt income. Alternatively, you can directly show the PPF interest as exempt income in the year of maturity.

Hi,

There is no problem at all.

Thanks & Regards,

Payal Chhajed

No. There won't be any problems.

Keep a record of the interests not shown in ITRs. Include such amount of interest in exempt income in the year of withdrawal from PPF.

PPF is exempt income & not shown in last 4 year no problem you can show this year PPF int in EI sheet of ITR

Dear Sir,

Yes, you can show this year interest income under exempt income.

Hi

If you have not been showing PPF interest so far, you may chose not to show it in current year. Entire PPF interest shall be shown under exempt income in the year of withdrawal.

Even if you start showing PPF interest current year onwards, there are no issues.