General Provident Fund

Interest Rate for General Provident Fund – Finmin Orders

June 4, 2016 by admin Leave a Comment

Interest Rate for General Provident Fund – Finmin Orders Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2016 (PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA) F.No.5(1)-B(PD)/2016 Government of India Ministry of Finance Department of Economic Affairs (Budget Division) New Delhi, Dated the 2nd June, 2016 RESOLUTION It … [Read more...] about Interest Rate for General Provident Fund – Finmin Orders

Government puts on hold new Provident Fund withdrawal norms till July 31

April 20, 2016 by admin Leave a Comment

The Government puts on hold new Provident Fund withdrawal norms till July 31. New PF withdrawal norms proposes to bar withdrawal of employer’s contribution to the provident fund corpus until the employee attains the age of 58 years. On the issue of new Provident Fund withdrawal norms, the government today decided to keep the implementation of new norms in abeyance for three … [Read more...] about Government puts on hold new Provident Fund withdrawal norms till July 31

NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund

March 7, 2016 by admin Leave a Comment

Serious resentment among employees against Budget proposal to levy Income Tax on withdrawal of 60% of provident Fund NFIR National Federation of Indian Railwaymen 3, CHELMSFORD ROAD, NEW DELHI – 110 055 Dated: 05/03/2016 Shri Narendra Modiji Hon’ble Prime Minister of India, 152, South Block, Raisina Hill New Delhi – 110011 Sub: Serious resentment among employees … [Read more...] about NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund

Centre decides to withdraw tax on Provident Fund

March 7, 2016 by admin Leave a Comment

Centre decides to withdraw tax on Provident Fund News have surfaced that the Prime Minister has instructed the Finance Minister to put a hold on the proposed plan to impose taxes on PF withdrawals. Finance Minister Arun Jaitley is expected to make an official announcement in this regard shortly. Employee unions all over the country have been vehemently opposing the … [Read more...] about Centre decides to withdraw tax on Provident Fund

Deduction of Income Tax on withdrawal of Provident Fund 60%

March 5, 2016 by admin Leave a Comment

Deduction of Income Tax on withdrawal of Provident Fund 60% NATIONAL COUNCIL (STAFF SIDE) Joint Consultative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 E Mail: [email protected] No. NC-JCM/2016 Dated:- 1st March, 2016 To The Hon’ble Finance Minister, Government of India, North Block, New Delhi. Dear Sir, Sub: … [Read more...] about Deduction of Income Tax on withdrawal of Provident Fund 60%

Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme

February 26, 2016 by admin Leave a Comment

Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme No.49014/2/2014-Estt (C) Government of India Ministry of Personnel, Public Grievances and PG Department of Personnel and Training Establishment Division New Delhi, North Block, February 26th , 2016 OFFICE MEMORANDUM Subject: Casual Labourers with … [Read more...] about Casual Labourers with temporary status-clarification regarding contribution to GPF and Pension under the old pension scheme

7th Pay Commission Report: General Provident Fund (GPF) for Central Government employees

November 23, 2015 by admin Leave a Comment

7th Pay Commission Report: General Provident Fund (GPF) for Central Government employees 9.4.1 General Provident Fund (GPF) for Central Government employees was started w.e.f. 1 April, 1960. It covers those government employees who joined service before 01.01.2004 and are not governed by the Contributory Provident Fund Scheme. The scheme was introduced to foster the habit of … [Read more...] about 7th Pay Commission Report: General Provident Fund (GPF) for Central Government employees

One time permission for change over from CPF to GPF Scheme for teaching and non-teaching staff of KVS

June 19, 2015 by admin Leave a Comment

One time permission for change over from CPF to GPF Scheme for teaching and non-teaching staff of KVS KENDRIYA VIDVAlAYA SANGATHAN 18-INSTITUTIONAL AREA, SHAHEED JEET SINGH MARG, NEW DELHI -110016 F.No. 110125/2015/KVS/CPF to GPF /GR.KVS/928 Dated: 15/6/15 Shri M. Krishnan, Secretary General, Confederation of Central Govt. Employees & Workers, 1st Floor, North … [Read more...] about One time permission for change over from CPF to GPF Scheme for teaching and non-teaching staff of KVS

10% Tax Proposed on PF Withdrawals

April 30, 2015 by admin Leave a Comment

10% Tax Proposed on PF Withdrawals The Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF within five years of starting the accounts. EPF accounts have to be created in all the concerns that employ more than 20 workers, with salaries of Rs.6,500 and Rs.15,000 per month. 12% of their salaries are deducted … [Read more...] about 10% Tax Proposed on PF Withdrawals