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Taxability of interest from GPF deposit
Is interest received from deposit on GPF final payment taxable.If yes what is the procedure. TDS has been done from the final payment amount
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Interest on your GPF deposit is tax-free as long as your annual contribution does not exceed ₹5 lakh. If your contributions in a financial year exceed this limit, you are required to pay income tax on the interest earned on the excess amount.
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