GPF received on retirement
Narinder Garg (39 Points)
04 July 2019
Govt. Employee received GPF on retirement falling in which section under IT act?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178293 Points)
Replied 05 July 2019
In case of employees of Central & State Govt. Local Authority, Defence Services and Corporation established under Central or State Acts, the entire commuted value of pension is exempt u/s. 10(10A) of IT act.
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