GPF INTEREST PAYMENT
Latest General Provident Fund rules: Will interest amount be paid if the GPF contribution exceeds Rs 5 lakh? Govt clarifies
General Provident Fund rules: All government employees can open a GPF account and pay a portion of their salaries to the GPF. When they retire, employees receive the entire money accrued in their GPF account over their service tenure.
General Provident Fund (GPF) withdrawal rules update for govt employees: Check eligibility, how much you can withdraw
GPF withdrawal rules: The Department of Pension & Pensioners Welfare (DoPPW) has recently listed out updated withdrawal rules for the GPF subscribers. Do note that the GPF subscribers do not need to furnish any documentary proof to withdraw money from the GPF. A declaration form by the subscriber explaining the reasons for withdrawal would be sufficient. Know updated GPF withdrawal rules, eligibility, and other important details
The debate on National Pension System
As per its terms of reference, the committee will suggest whether any changes are warranted given the existing framework and structure of the National Pension System (NPS), also called the new pension scheme, as applicable to government employees.
What happens if pension, gratuity payment is delayed due to administrative reasons?
If a Pension Payment Order (PPO) authorised pension is delayed due to administrative reasons or lapses, interest on arrears of pension, gratuity, and family pension will be paid at the same rate and in the same manner as interest on General Provident Fund amounts.
No equalisation levy if services, goods provided via Indian entity
Sitharaman said the tax exemption for the National Bank for Financing Infrastructure and Development (NaBFID) was necessary since building infrastructure through 7,000 greenfield and brownfield projects identified in the National Infrastructure Pipeline was an important step being taken by the government.
MTNL employees stage protest for non-payment of wages, pension
"The intention of the government and management is not right.They are demoralising employees by not paying them the salary in time.The salary is being delayed since February.
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No documentary proof for GPF advance, withdrawal
The government has with effect from March 7, 2017, liberalised conditions for taking advance from the GPF for education, illness and purchase of consumer durables.
Officers to face action for delay in GPF payments
The move comes after it was noticed that GPF final payment in many cases was not being made to the government servants immediately after retirement leading to payment of interest for the period delayed.
Hara-kiri committed with PF over 30 years, says J&K FM
FM warned that if accounting system were not effected now, the state government may not be in a position to pay the Provident Fund to the employees.
Employer cannot demand interest on PF on termination: Court
The court said such a demand can be made only when the money is withdrawn as loan or advance by employee while in service.
Cabinet nod to DTC bill; exemption limit upped to Rs 2 lakh
The Cabinet on Thursday cleared decks for tabling the legislation in the Monsoon Session so that the new Act may come into effect from next fiscal.
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