The Central Government has fixed the maximum limit for depositing money in the 'General Provident Fund' ie General Provident Fund. Now no government employee will be able to deposit more than Rs 5 lakh in GPF. Employees' organizations allege that by taking this step, the central government has tried to snatch financial benefits from the workers. Till now it was a rule that any employee deposited 6 percent of his total wages in this fund. Many such employees used to deposit six, ten, or twenty percent of their wages and even more. The interest earned on this deposit is generally higher than that of banks. At present, GPF account holders get interested at the rate of 7.1 percent.
A letter in this regard has been issued on November 2 by the Department of Pension and Pensioners' Welfare under the Ministry of Public Grievances, Personnel and Pensions, Government of India. An order in this regard was issued by the department on June 15. There was also a mention of a maximum limit of five lakh rupees. Later, questions started coming from many ministries and departments on how to implement it. Many employees have deposited more than five lakh rupees this year. There are also many employees whose deposits in 2022-23 are going to reach close to five lakh rupees. So what to do? It has been said by the Ministry of Pensions that earlier it was mandatory to deposit at least six percent amount in GPF. That is, any employee who comes under the purview of GPF, will have to deposit this amount. Many employees used to deposit even more than this.
Now the condition of depositing a 6 percent amount in the GPF account will remain, but its maximum amount has been fixed. Now no employee or officer can deposit more than five lakh rupees in GPF in any way. For the year 2022-23, the employees whose amount has exceeded five lakh rupees should be capped. Now no amount will be deposited in their GPF account for the current financial year. For the employees whose deposit amount is going to be five lakh rupees, care should also be taken that they should not go above five lakh rupees.
Let us tell you that all the employees or officers who come under the old pension system, get the facility of GPF. The interest earned on GPF is tax exempted under 80C. All India Defense Employees Federation AIDEF General Secretary C. Sreekumar says the central government is taking decisions against the interests of the personnel. Employees are struggling for the restoration of old pensions. The government is not implementing this rule. If an employee deposits some amount from his hard-earned money in GPF and takes interest in it, then the government did not tolerate that too. The government is only focusing on reducing its expenditure.
Jawan Worldwide Box Office: It is impossible to stop the storm of 'Jawan' across the world, this is a big target after Rs 500 crores.
It has become very difficult to stop the momentum of Shah Rukh Khan, who returned to the film screen with 'Jawan'. While within 5 days this film broke many records of Sunny Deol's 'Gadar 2', on the
PM Narendra Modi: 'Economic development only through permanent government', the PM said - There will be no place for communalism in developed India
Prime Minister Narendra Modi said that economic development of the country is possible only with a stable government. India will be a developed nation by 2047 with no place for corruption, casteism,
Father's Day 2023: If you want to strengthen your relationship with your father, then these tips can be very useful for you.
Father's Day 2023: Often people are unable to give time to their parents due to busy lifestyles. Due to this, the most important relationship is affected. Even though parents may get angry with us,
Work-life balance deteriorated in Corona: one-third of people worked more than 48 hours every week, 20% worked less than 35 hours
9 in the morning to 5 in the evening ie 8 hours of work is considered normal, but it is not so for about a third of the world's working population. This information has come out from a report by the
Bigg Boss 17: Munawar Faruqui nominated in the very first week, know who is safe, on whom the sword of elimination hangs
Finally, the most explosive talked about and popular reality show in the television industry 'Bigg Boss 17' has started. The show had its grand premiere on 15 October. Salman Khan gave a grand welcome
PM Modi: 'Congress' loot during life, even after life...', PM Modi said in Chhattisgarh - He does not want you to give your property to children.
PM Modi addressed a public meeting in Surguja, Chhattisgarh today. PM Modi mentioned inheritance tax while targeting Congress.
Rinku Singh became an example in the first innings, match finishers should learn from him, big disclosure of a fellow player
Rinku Singh made a bang in international cricket and on the strength of his first innings, he became an example for the youth. Indian team opener Ruturaj Gaikwad praised Rinku Singh and said that
Ben Stokes: Virat Kohli impressed after seeing Ben Stokes' century innings, shared the tweet and wrote- 'I was not joking'
Virat Kohli on Ben Stokes Century ENG vs AUS In the second Test match of the Ashes series, Australia beat England by 43 runs, performing amazingly. In the fifth day's play of this match, England
Lok Sabha Election 2024: BJP released another list, made former woman officer candidate from Bathinda.
All the parties have geared up for the Lok Sabha elections. There is a tough competition between BJP and Congress during the elections. All the parties are fielding their respective candidates.
Shahrukh Khan in The Lion King, Priyanka Chopra in 'The Jungle Book', when Bollywood stars became the voice of Hollywood.
The second part of the Hollywood animated film The Lion King is coming soon. Recently the teaser of the film was released and The Lion King 2 was announced. This