Interest Rate of General Provident Fund w.e.f. 1.1.2017 – Finmin Orders Resolution – accumulations at the credit of subscribers to the GPF and other similar funds – 2017, w.e.f. 1st January, 2017 (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 … Read more
Govt puts on hold new Provident Fund withdrawal norms till July 31 The Govt 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 … Read more
Reduction of Interest Rates on Public Provident Fund Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified … Read more
Tax on Provident Fund withdrawn The Centre has withdrawn its proposal to impose tax on Employee Provident Fund (EPF) withdrawals. From the very beginning, Central Government Employees unions all over the country have been opposing the government’s decision to impose tax on the money that they had been saving during their entire careers. After the Union … Read more
NFIR writes to PM to withdraw of Budget proposal to levy Income Tax on Provident Fund 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 … Read more
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 … Read more
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: nc.jchm.np@gmail.com No. NC-JCM/2016 Dated:- 1st March, 2016 To The Hon’ble Finance Minister, Government of India, North Block, New Delhi. Dear Sir, Sub: Deduction of Income … Read more
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 temporary status-clarification regarding contribution to GPF … Read more
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 Avenue, P.O. Building … Read more
GPF Resolution 2015-16 – Finmin published today This for general information that during the year 2015-16, accumlations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.7% per annum. The resolution appears as image below for your information…