Is Interest earned on the PF Contribution taxable?

Is Interest earned on the PF Contribution taxable?

Interest earned on Employee Contribution up to 2.50 lacs in a year is exempt from Income Tax. 

Interest earned on Employee Contribution over and above 2.50 lacs in a year is treated as Taxable Income.

 If there is no Contribution by the employer to the Provident Fund, then the interest earned up to 5 lacs in a year is exempt from Income Tax.