General Provident Fund

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

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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 General Provident Fund (GPF) Scheme for teaching and non-teaching staff of KVS

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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

Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF

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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on PF Withdrawals The Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF within five years of starting the accounts.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 … Read more

Centre Govt Allows 5% of PF Funds to be Invested in Share Market

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Centre Govt Allows 5% of PF Funds to be Invested in Share Market The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed … Read more

General Provident Fund Interest Rate 8.7% for 2015-16

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General Provident Fund Interest Rate 8.7% for 2015-16 Government Decides to Fix Interest Rates at 8.7% for General Provident Fund(GPF) and other Similar Funds Including Special Deposit Scheme, 1975(SDS,1975) for Non-Government Provident, Superannuation and Gratuity Funds for the Financial Year 2015-16 It was decided by the Government to link the interest rates of State PFs … Read more