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| *Ostroff, Fair and Company>>>India Taxes |
Whether the amount withdrawn from a PPF a/c at the end of sisth year is taxable or is it considered as income? |
Whether the amount withdrawn from a PPF a/c at the end of sisth year is taxable or is it considered as income? You can make withdrawals during any one year from the sixth year. You are allowed to withdraw ?50% of the balance at the end of the fourth year, preceding the year in which the amount is withdrawn or the end of the preceding year whichever is lower.? Any withdrawl from PPF is non-taxable u/s 10(11) of the I T Act . |
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