GPF Subscription Limit in a financial year by a subscriber is Rs 5 (Five) Lakhs | DPPW OM Dated 11th October 2022 - Postalstudy | Post Office Blog | Materials for | Exams
2000+ Self Made Questions and Answers have been prepared and posted so for in this site to motivate Postal LDC Exams Aspirants in the form of Quizzes(800+ Questions)/MCQs(900+ Questions)/Matches(400+ Questions)/Can be find in TAG Section.

Header Ads

01/ 02
India Post
02 / 02
India Post

  • Latest Posts

    GPF Subscription Limit in a financial year by a subscriber is Rs 5 (Five) Lakhs | DPPW OM Dated 11th October 2022

    F.No. 3/6/2021-P&PW (F)

    Government of India

    Ministry of Personnel, PG & Pensions

    Department of Pension & Pensioners’ Welfare

    Dated: 11.10.2022

    Office Memorandum

    Subject:- Ceiling of Rs. 5 Lakh on subscription to General Provident Fund (GPF) in a financial year- regarding.

    Download OM on GPF Subscription in PDF

    In accordance with General Provident Fund (Central Service) Rules, 1960, the amount of subscription to the GPF in respect of a subscriber, shall not be less than 6% of the emoluments and not more than total emoluments of the subscriber. However, there was no ceiling on the total amount of subscription of a subscriber into his GPF account in a financial year.

    2. Rules 7, 8 & 10 of the General Provident Fund (Central Service) Rules, 1960 have been amended vide Notification No. G.S.R. 96 dated 15.06.2022. As per the said Notification dated 15.06.2022, the sum of the monthly subscription by a subscriber under the GPF during a financial years together with the amount of arrear subscriptions deposited in that financial year shall not exceed the threshold limit (at present Rupees Five Lakh) referred to in sub clause (i) of clause (c) of the Explanation below sub rule (2) of the rule 9D of the Income Tax Rules, 1962 [as inserted vide Notification No. G.S.R. 604 (E) dated 31.08.2021 of Ministry of Finance, Department of Revenue (Central Board of Direct Taxes)].

    3. All Ministries/Departments are requested that the above amended provisions of the GPF Rules, 1960 regarding limit of subscription under GPF in a financial year by a subscriber may be given wide publicity to all Government servants and, more particularly, to the personnel dealing with the GPF matters in the Ministry/Department and attached/subordinate offices there-under, for strict implementation.

    Like and Share

    Click here to Join Telegram Channel

    No comments

    It's all about friendly conversation here at postalstudy. I'd love to hear your thoughts!
    Be sure to check back again because I do make every effort to reply to your comments here.