Section 10(11) → Section 12
Statutory Provident Fund / Public Provident Fund (PPF)
Quick Answer
Section 10(11) of the Income Tax Act, 1961 (Statutory Provident Fund / Public Provident Fund (PPF)) corresponds to Section 12 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 10(11)
Provision Summary
Any payment from a provident fund to which the Provident Funds Act, 1925 applies, or from the PPF, is fully exempt.
Sec 12
Provision Summary
Retained verbatim. PPF remains an EEE (Exempt-Exempt-Exempt) investment.
Key Changes & Highlights
- No change. Protects the core savings of the middle class.
Related Sections
Frequently Asked Questions
What does Section 10(11) of the Income Tax Act 1961 deal with?
Section 10(11) (Statutory Provident Fund / Public Provident Fund (PPF)) Any payment from a provident fund to which the Provident Funds Act, 1925 applies, or from the PPF, is fully exempt.
What is the new section number for Section 10(11) under the Direct Tax Code 2025?
Section 10(11) of the ITA 1961 maps to Section 12 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 10(11) under the new tax code?
Section 10(11) is marked as "Retained" with status "Active". Impact: High - Ensures PPF maturity remains tax-free.
What are the key changes to Section 10(11) under DTC 2025?
No change. Protects the core savings of the middle class.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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