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11-10-2013, 04:37 PM
SIR I HAVE JOINED SERVICE IN AUG 2004 AS A TEACHER IN A SCHOOL UNDER MINISTRY OF DEFENCE 'SAINIK SCHOOLs' . TILL 2009 MY OFFICE DEDUCTED MY GPF, NOW IN 2013 MY GPF ACCOUNT IS CLOSED AND CONVERTED INTO NPS BY THE SCHOOL. AND THEY ARE RETURNING ME THE DIFFERENCE AMOUNT OF GPF( from 2004 to 2012)minus NPS(from 2004 to 2012) ie. 180000. which is the difference of my contribution as GPF contribution minus 10% only in case of NPS. is this amount taxable?
please answer