GPF and other similar funds from 01 April to 30th June 2023
Regarding New Interest Rate for General Provident Fund and Other Funds Effective April 1, 2023
GPF
General Provident Fund, GPF Rules, GPF Interest Rates
Income Tax on GPF accumulation
The Office of CGDA has issued a circular regarding the deduction of income tax on the interest earned on GPF subscriptions exceeding Rs. 5 lakhs during the financial year 2021-22.
GPF subscription – Ceiling of Rs. 5 Lakh
Regarding maximum limit of Rs. 5 Lakh on subscription to General Provident Fund (Central Services) under General Provident Fund (Central Services) Rules, 1960 in a financial year
7.1% Interest rate for General Provident Fund & other similar funds
General Provident Fund and other similar funds shall Carry ‘interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st January, 2023 to 31st March, 2023
Ceiling of Rs. 5 Lakh on subscription to General Provident Fund (Central Services) in a financial year
Instruction regarding dated 11.10.2022 for strict implementation of the above amended provisions of the General Provident Fund (Central Services), Rules, 1960.
Ceiling of Rs. 5.00 Lakhs for GPF subscription
As instructed therein, the sum of monthly GPF subscriptions for FY 2022-23 cannot exceed Rs. 5.00 Lakhs. Therefore. further deduction beyond Rs 5 Lakh may be stopped forthwith
Ceiling of Rs. 5 Lakh on subscription to GPF in a financial year
The sum of the monthly subscription by a subscriber under the GPF during a financial years together with the amount of arrear subscriptions deposited in that financial year shall not exceed the threshold limit (at present Rupees Five Lakh)
General Provident Fund and other similar funds from 1st Oct 2022 to 31st Dec 2022
General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st October, 2022 to 31st December, 2022.
General Provident Fund (Central Services) Rules 1960
General Provident Fund (Central Services) Amendment Rules, 2022 MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (Department of Pension and Pensioners’ Welfare) New Delhi, the 15th June, 2022 G.S.R. 96. -In exercise of the powers conferred by the proviso to article 309 and clause (5) of article 148 of the Constitution, …
General Provident Fund (Central Services) Rules 1960 Read More »
GPF Interest from 1st July 2022 to 30th Sept 2022 for Q2 of FY 2022-2023-No Change Now
General Provident Fund and other similar funds shall carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st July, 2022 to 30th September, 2022.
General Provident Fund and other similar funds Carry interest at the rate of 7.1% for FY 2022-23
Regarding General Provident Fund and other similar funds shall Carry interest at the rate of 7.1% (Seven point one percent) w.e.f. 1st April, 2022 to 30th June, 2022