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 February, are 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
