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Thread: Tax on GPF Interest

  1. #1
    Senior Member R K Rao is on a distinguished road
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    Default Tax on GPF Interest

    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
    Last edited by R K Rao; 16-02-2015 at 10:38 AM. Reason: spelling mistake.

  2. #2
    Senior Member soodeep is on a distinguished road
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    Interest on GPF (whatever amount it may be) was not TAXABLE.

  3. #3
    Senior Member soodeep is on a distinguished road
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    Rather, interest on GPF was exempted under section 10(11) of Income Tax Act, 1961.

    soodeep

  4. #4
    Senior Member R K Rao is on a distinguished road
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    Mr Soodeep,

    Thank you for the kind clarification.

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