Finance Department Haryana has issued instructions regarding admissibility of Interest Over And Above The Threshold Limit Of Rupees Five Lakh Deducted towards GPF For the Financial Year 2022-23. In this regard, O/o Accountant General (A&E), Haryana vide letter dated
10.05.2024 has sought clarification regarding admissibility of interest over and above the threshold limit of Rupees Five Lakh deducted towards GPF for the financial year 2022-23.
The State Government has considered the matter and it has been decided that where the amount of total subscription towards GPF in the financial year 2022-23 in respect of a Government servant exceeds Rs.5.00 Lakhs, the interest on the excess subscription may be paid, subject to applicable income tax.
