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India Post
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India Post

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    Calculation of IT (Income Tax) on GPF Interest Earned | DOP Order on Calculation of Income Tax on interest on GPF (General Provident Fund) for the FY 2021-22

     F.No 8-3/2020-21/PA(E)/I.Tax /(653-703). Government of India. Ministry of Communications, Department of Posts, Sansad Marg, New Delhi-01

    Circular dated 15.02.2022

    Subject : Calculation of Income Tax on interest on GPF - Regarding.

    In pursuance of Department of Revenue’s No.95/2021/File No.370142/36/2021-TPL dated 31.08.2021, all subscribers whose GPF subscription is over Rs.5,00,000/- (Rupees Lakhs only) in the Financial year 2021-22 are required to intimate interest earned by them before salary bills for the month of Februaryare prepared for deduction of TDS from the pay and allowances.

    2 In view of the above, you are requested to please instruct your DDO to calculate Income Tax for the Financial Year 2021-22 in accordance with the Notification of Department of Revenue mentioned ibid

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