Gpf and arrears
This query is : Resolved
HIMANSHU MALVIYA
(Querist)
14 March 2019
sir,
In mp govt employees half of the 7 th pay arrears goes into gpf account and half of amount is deposited in the accounts regard this I have some questions like-
1. Is amount goes into gpf account is taxable or not.
2.If exempted than which section is implied.
thanks
In mp govt employees half of the 7 th pay arrears goes into gpf account and half of amount is deposited in the accounts regard this I have some questions like-
1. Is amount goes into gpf account is taxable or not.
2.If exempted than which section is implied.
thanks
20 March 2019
arrears amount is taxable. gpf amount can claim deduction u/s.80C.
you can get Relief that Arrears amount U/s.89(1)
you can get Relief that Arrears amount U/s.89(1)
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