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GPF tax treatment

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subbu appala

article trainee

152 Points Posted on 28 December 2020

Asseesee is state government employee. He retired during FY 19-20. At time of retirement he received GPF ₹ 5,92,682.
my question is that GPF is taxable or not. Please explain

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Quick Summary

This discussion addresses the taxability of the General Provident Fund (GPF) for a state government employee who retired in FY 19-20. The employee received a lump sum of ₹5,92,682 from their GPF. While there's initial confusion, the consensus suggests that GPF is generally not taxable, as any tax implications are often offset by deductions, resulting in a nil effect.