S.B. Order 27/2020 e.F.No. FS-13-01/2020-FSGovernment of IndiaMinistry of CommunicationDepartment of Posts(FS Division) Dak Bhawan,New Delhi-1 10001 Dated :- 23/07/2020 To, All Head of Circles/Regions, Subject:- Regarding extension of MIS/ SCSS/KVP/ NSC/ PPF schemes up to GDS Branch Post Office level through cheque. Sir/Madam, The references have been … [Read more...] about Extension of MIS/ SCSS/ KVP/ NSC/ PPF schemes up to GDS Branch Post Office level through cheque
PPF
Public Provident Fund Scheme 2019 (PPF Scheme 2019) – Gazette Notification
Public Provident Fund Scheme 2019 - Gazette Notification PPF Scheme 2019 NOTIFICATION New Delhi, the 12th December, 2019 G.S.R. 915(E).- In exercise of the powers conferred by section 3A of the Government Savings Promotion Act, 1873 (5 of 1873), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.- (1) This … [Read more...] about Public Provident Fund Scheme 2019 (PPF Scheme 2019) – Gazette Notification
Income Tax benefits from Post Office Saving Schemes
Income Tax benefits from Post Office Saving Schemes Interest rates on these post office saving schemes move in line with the government's interest rates on small savings schemes.India Post or Department of Posts, which runs the postal network of the country, offers a number of saving schemes with income tax benefits. Using these saving schemes, investor can claim a deduction … [Read more...] about Income Tax benefits from Post Office Saving Schemes
Government Hikes GPF Interest Rate To 8% For October-December quarter
Government Hikes GPF Interest Rate To 8% For October-December quarter. The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter. The rate is in line with that for Public Provident Fund. The interest rate on GPF was 7.6 per cent for the … [Read more...] about Government Hikes GPF Interest Rate To 8% For October-December quarter
Public Provident Fund (PPF) account
Ministry of Finance Public Provident Fund (PPF) account 09 MAR 2018 At present, premature closure of a Public Provident Fund (PPF) account is permitted on specified grounds on completion of five financial years from the date of opening of account. Opening of accounts in the name of a minor is permitted under all the small savings scheme except the Senior Citizens' Savings … [Read more...] about Public Provident Fund (PPF) account
Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees Provident Fund (EPF)
Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees’ Provident Fund (EPF) No.CAIU/011(44)2016/Aadhar/10273 Date: 22 SEP 2017 To All ACCs (Zones) including ACC (ASD), All RPFC-I/ RPFC 11 (Regional Offices), Sub: Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and … [Read more...] about Aadhaar linking and interoperability of General Provident Fund (GPF), Public Provident Fund (PPF) and Employees Provident Fund (EPF)
GPF Rules
GPF Rules With effect from 7th March 2017, Government has simplified and liberalised the conditions for taking advance from the fund by the subscribers for education, illness, purchase of consumer durables. Conditions and procedures for withdrawal from the fund for the purpose of education, illness, housing, purchase of motor vehicles etc. have also been liberalised. No … [Read more...] about GPF Rules
7th Pay Commission Pay Out – Best Tax Saving Investment Options
There are a large variety of tax-saving options available under Section 80C of the Income-Tax Act. However, the key issues are the safety, returns and tax status while investing. 7th Pay Commission Pay Out – Best Tax Saving Investment Options – The increased pay packet by the 7th pay commission will come with its own set of concerns on managing the money. The 7th Pay … [Read more...] about 7th Pay Commission Pay Out – Best Tax Saving Investment Options
Interest Rate Reduction on Public Provident Fund cut to 8.1% from 8.7%
Interest Rate Reduction on Public Provident Fund cut to 8.1% from 8.7% In a move that will hit the common man, the government today slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them closer to market rates. As a part of its February 16 decision to revise interest rates on small savings every quarter, the … [Read more...] about Interest Rate Reduction on Public Provident Fund cut to 8.1% from 8.7%
Online petition against retirement tax goes viral
Online petition against retirement tax goes viral An online petition against retirement tax has gone viral on social media with nearly 3,000 signups seeking urgent and immediate withdrawal of Provident Fund Tax just a day after it was announced in the Budget. The petition was started by a finance professional from Gurgaon, Vaibhav Aggarwal, and nearly 3,000 people have … [Read more...] about Online petition against retirement tax goes viral
