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R K Rao
16-02-2015, 10:38 AM
A friend of mine has accumulated more than 15 lacs in his GPF. He is now told (by a colleague) that any interest he earns in GPF is taxable. I do not think so.

Please clarify.

RKR

soodeep
04-03-2015, 08:02 PM
Interest on GPF (whatever amount it may be) was not TAXABLE.

soodeep
04-03-2015, 08:39 PM
Rather, interest on GPF was exempted under section 10(11) of Income Tax Act, 1961.

soodeep

R K Rao
05-03-2015, 12:54 PM
Mr Soodeep,

Thank you for the kind clarification.