Taxability of gpf
This query is : Resolved
16 August 2014
dear experts, my client is a state govt employee ,GPF amt Rs 843000 received after retirement. so my queri is how to show in itr. And which section.
17 August 2014
Whole amount of GPF is exempt from Tax u/s 10(11) & 10(12). Since it is exempted income (Which is more than Rs 5000) you will be required to file ITR2. Show the amount in exempted Income Sheet under Sl No.5 Others.
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