What does GPF mean? Find about complete details about General Provident Fund statement or account slip and interest rate, and when an employee can withdraw the fund in GPF account…
The GPF full form is General Provident Fund, where it is a provident fund account dedicated to a government employee allowed to contribute after one year of continuous service, and the employee contributes a monthly installment of their salary which is saved in the account by applying current GPF interest rate.
This GeneraL Provident Fund amount deposited back to the employee bank account by retirement or to the account of the Nominee in case of causality.
You may download or check the General Provident Fund statement of different departments/states as per the mentioned below
- Is General Provident Fund withdrawal taxable?
No, as GPF is a Government organized option for the benefits of employees, and the amount collected at the time of retirement, which is a huge one will not be taxed, where the amount contributed monthly under General Provident Fund can be applied for tax exemption while submitting income tax proof.
- Can I withdraw General Provident Fund balance before Retirement?
In case of any emergency or education loan, by providing a valuable reason, and the employees have the authority to withdraw three fourth or twelve months pay whichever is the lowest. This total should not cross the 90% limit which is to be maintained.
- Can a Nominee Withdraw my General Provident Fund money during my Employment?
No, as the employee is still serving and has not met any causality, and the authority to withdraw the General Provident Fund amount will be only with the Employee, and the Nominee will be a dependent option in extreme cases.
- What is the Interest Rate of GPF?
Interest rates are based central Government announcement, and it should as per the conditions, so you may check the required state or central departments as mentioned.
99Networks | Model Paper 2023 | Board Paper 2023 | Sample Paper 2023 | Ed Post | Question Paper 2023 | Board Model Paper 2023 | JnanabhumiAP | Scholarship- Fellowship | Model Paper 2023 | BoBiBanking | TNREGINET | iFHRMS | PSA Login | LIC Merchant | 25Penny | AKTU ERP | HRMS Odisha | PICME Login | KVB Net Banking | SSO Login | K2 Challan | SBI HRMS | Meesho Seller Login | IceGate Login | Indian Bank Net Banking | TMB Net Banking | TamilNilam | HRMS Login | BOI Net Banking | PFMS Login | FinAssam | SSO Rajasthan | KLR Login | MIS Full Form | KSFE Online Payment | HDFCNetBankingLogin | TNEB Login | PNB HRMS | NGO Full Form | eSalary Haryana | Kotak Customer Care Number | Pay Manager | eSampada | SSO ID | MCD Online | RESS | eKosh Online | e Sadhana | K2 Challan Generation | PSPCL HR | Indian Bank Login | Sevarth Mahakosh | TANGEDCO Login | NIOS Student Login | Paymanager Login | Internshala login | IFMIS Telangana | PNB Parivar | MPBSE MPOnline | ITBP Pay Slip | TNEB Reading Details | PPO Full Form | JK Pay Slip | PR Full Form | NSP Login | UAN Login | SBI ATM PIN Generation | Nadakacheri | EPF Balance Check Number Missed Call | TS e Challan | CISF Salary | UP Scholarship Login | SBI Complaint Status | DOP Full Form | EPDS Telangana | ePravesh MPOnline | Food Odisha Portal | Joint Declaration Form | Know Your UAN | Canara Bank Login | SBI Pension Seva Portal | UAN Card Download |
6 thoughts on “What is GPF & GPF Withdrawal is Taxable”
How many time I store my General Provident Fund balance after Retirement?
I want to download GPF statement
Yes I want to register new phone number
I am govt employee my service is +10 years I have withdraw GPF now I refunded it from salary monthly instalment can GPF refunded exempt from tax section 80c
I am central government employee, presently working. I have withdrawn Ra. 10Lakhs from my GPF account for educational purposes of my daughter. Is that amount is taxable and if not then exemption under which income tax clause. Please guide
how to get GPF statement easily, show the statement from 16.03.1988.