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Yogi Zone

Useful articles for your finance management by our team of experts

taxability of interest on provident fund

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Question:what is the taxability of interest on Provident fund deposits ?

 
Answer:Hello, the tax treatment of interest on Provident Fund is as follows

 

Recognized Provident Fund:Interest on provident fund is exempt up to 9.5%. Interest exceeding 9.5% will be added to employee’s salary income
Unrecognized Provident Fund: Not Taxable
Statutory Provident Fund: Fully Exempt
PPF: Fully exempt
 

 

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The Yogi

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