if i contribute Rs. 300000 in GPF Per Annum. Interest on GPF amount of Ra. 300000 are taxable accumulated interest i get above 250000 in an year... is taxable....?
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Quick Summary
This discussion clarifies the taxability of interest earned on General Provident Fund (GPF) contributions. Interest on GPF is generally taxable only if the annual interest earned exceeds Rs. 2.5 lakh. This threshold applies to the interest generated on your contributions within a given financial year.