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NARESH G NARESH G
Member since:
09 March 2008
Total points:
110 (Level 1)

Resolved Question

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I have transfer my six pay commission's arrears in to my GPF A/c. CAN I have to pay income tax on it?

i want an answer about can deposit amount is calculated as my earning ?
  • 3 months ago
minnow by minnow
Member since:
24 November 2009
Total points:
110 (Level 1)

Best Answer - Chosen by Voters

You must include the entire arrears in your total salary. You have to pay tax for it. You can use the amount deposited in GPF as savings for deduction subject to maximum of 1 lakh. Otherewise, whether you draw the arrears or put it in GPF, for tax purpose, it does not make any differenece
  • 3 months ago
100% 1 Vote

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Other Answers (1)

  • V K B by V K B
    Member since:
    21 October 2007
    Total points:
    2238 (Level 3)
    How many times you will repeat/ask this question.

    Unless and untill you do not mention figures and other related informations forget to get any serious or correct answer.

    As you are rferring arrears as result of '6th pay commission' it means you a Govt Employee - then you must understand the need of giving full informations.
    • 2 months ago
    0% 0 Votes

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