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
Replies (1)
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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