PPF Subscription Limit increased to Rs. 1.5 lakh

PPF Subscription Limit increased to Rs. 1.5 lakh – Department of Posts issues orders citing Finance Ministry’s Order Consequent on increase in savings limit under Section 80 C of Income Tax Act for getting rebate / exemption on Income Tax to Rs. 1,50,000/-in the recent budget 2014-15, PPF Subscription Limit has been increased Rs. 1,50,000 by…

Employees Provident Fund interest retained at 8.75%

Employees Provident Fund interest retained at 8.75%

Employees Provident Fund interest retained at 8.75% – EDLI – Insurance under Employees Deposit Linked Insurance Scheme increased to Rs. 3.6 lakhs The Employee Provident Fund Organisation retained the interest payment on provident fund deposits for 2014-15 at 8.75%, same as the previous year, but decided against investing in equities. These decision were taken at…

Revised General Provident Fund and Contributory Fund Forms

Revision of GPF and CPF Forms – Revised General Provident Fund Forms and Contributory Provident Forms Department of Pension and Pensioners’ Welfare has revised the GPF and CPF Forms (General Provident Fund and Contributory Fund) applicable for Central Government Employees as well as GPF and CPF processing and sanctioning authorities. These revised GPF and CPF…

GPF Interest Rates and CPF Interest Rates fixed at 8.7% for the Year 2014-15

GPF Interest Rates and CPF Interest Rates fixed at 8.7% for the Year 2014-15 – Finance Ministry issues Orders – Interest at the Rate of 8.7% also applicable for other Provident Funds such as All India Services Fund, State Railway Provident Fund, Defence Services GPF etc Government of India Ministry of Finance (Department of Economic Affairs)…

Minimum EPF Pension of Rs.1000 – Order may be issued soon

Minimum EPF Pension of Rs.1000 – Order may be issued soon which would benefit 27 lakh Pensioners Ahead of Lok Sabha polls, the government is likely to approve this month a proposal that will entitle formal sector workers a minimum monthly pension of Rs 1,000, immediately benefiting 27 lakh pensioners. Those who get less than Rs 1,000…