The Ministry of Finance, Government of India, has announced a resolution regarding the interest rates for various provident funds for the period of July 1, 2023, to September 30, 2023.
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Regarding New Interest Rate for General Provident Fund and Other Funds Effective April 1, 2023
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.
The Ministry of Personnel, Public Grievances and Pensions (Department of Pension and Pensioners’ Welfare) in New Delhi has released an amendment to the General Provident Fund (Central Services) Rules, 1960.
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