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.
Queen 2: Big update on Kangana Ranaut's 'Queen 2', script of the film's sequel ready
Bollywood actress Kangana Ranaut remains in the news for her films. Kangana will soon be seen in the film 'Emergency'. Kangana has given many films to Bollywood, but the actress got recognition from
Seema Haider love story: left late at night after questioning, now the team was taken along again, important inputs were received from IB
For the love of PUBG partner Sachin Meena, Seema Haider, who came to India via Nepal with four children from Pakistan, was taken with her by the ATS (Anti Terrorist Squad) on Monday. ATS interrogated
Kalki 2898 AD: Deepika Padukone completes the dubbing of 'Kalki 2898 AD', and will promote the film even during pregnancy!
Superstar Prabhas's film 'Kalki 2898 AD' is one of the most awaited films of this year. The audience is eagerly waiting for this film. The audience is eager to know every news related to the film.
Vladimir Putin: President Putin met with the head of the Wagner Group, confirmed by the Kremlin; Know what happened so far
Russian President Vladimir Putin met with the head of the Wagner Group, Yevgeny Prigozhin. The Kremlin has confirmed this. Recently, Prigozhin announced a rebellion against Putin. However, an
A R Rahman is the owner of immense wealth, how much alimony will his ex-wife Saira get?
The country's famous singer and music composer AR Rahman has recently surprised everyone by announcing their divorce from his wife Saira Banu after 29 years of marriage. After the announcement of the
Researchers in India: Lack of researchers in India, Principal Scientific Advisor to the government said these things
India has only 255 researchers per million people. State governments have to ensure funding for research and development to remain competitive in this sector. These things have been said by Ajay Kumar
Kesari 2 got the support of PM Modi before its release, Akshay Kumar thanked the Prime Minister.
Akshay Kumar, R. Madhavan and Ananya Pandey starrer film 'Kesari: Chapter 2' is in the news these days. As soon as the trailer of this patriotic film came out, the curiosity of the audience has
Haryana Election: BJP, which accused Congress of nepotism, is itself trapped! Tickets given to family members of 10 leaders
BJP, which often attacks parties doing family politics in Haryana, has got entangled in its own web this time.
Violence at iPhone plant in China due to Corona restrictions: Guards-workers clashed; Employees angry about food, medicine and salary
Violence has started in China's iPhone plant over strict corona restrictions. Hundreds of workers clashed with security personnel at an iPhone maker Foxconn Technology plant in Zhengzhou. Many videos
Asian Games 2023 Cricket: Rinku Singh of Aligarh selected in the Indian team, will play for India in the 19th Asian Games
Rinku Singh did not get a place in the Indian team after his strong performance in the IPL. Rinku Singh's fans had opened a front against the BCCI on social media. BCCI has selected Rinku Singh for
