What EEE or EET or ETT in terms of taxation?

Hello

What EEE or EET or ETT?
I know E for Exemption & T for Taxable

I want to know what means 1st, second or third E/T.
Please help to understand these terminology.

Thank & Regards,
GuessWho

To the best of my knowledge
First E stands for Principal amount invested, which will qualify for exemption
Second E stands for Interest amount on principal, which will qualify for exemption
Third E stands for Withdrawn Amount either prematurely or on maturity, which will qualify for exemption.

If it is T at any of the place, it will be taxed.

PPF/GPF/CPF is presently EEE
KVP is ETT
Fixed Deposit is TTT.

I don't remember any EET as of now.

These all relate to exemptions pertaining to Income taxes.
If you invest your income in some specified instruments you will get tax exemption.(that will be first E)
If Interest earned on such investment is counted in income and taxed then it is second T (normally TDS takes care of that). if it is exempted then it is second E.

If amount is withdrawn at the time of maturity/ or premature withdrawal, and it is not included in taxable income then it is third E else it is third T.

Other members may clarify further and correct me if needed.
pankaj

Thanks Pankaj for the valuable information.

GuessWho

Fixed Deposit is TTT

how come?????it will be ETT na??

I think it was fixed deposit for five years and specified as such that would get exemption else fixed deposits are not exempt. Interest is invariably taxed.
When you withdraw, it is taxed.
All other fixed deposits would be TTT.

To that extent you are right magnet.

pankaj

IMHO, Fixed Deposits Principle withdrawal on maturity is not taxable and hence it can not be dubbed as TTT.

Best Regards,
-Ashish