Ceiling of Rs. 5.00 Lakh on subscription to General Provident Fund (GPF) in a financial year.

Kendriya Vidyalya Sangathan announced vide letter no. 110239/51/2022/budget/KVS(HQ)/ dated : 18.01.2023 regarding Ceiling of Rs. 5.00 Lakh on subscription to General Provident Fund (GPF) in a financial year-regarding with the reference of office memorandum No. 1-4/2022-INS-4 dated 11.01.2023 of Ministry of Education of Government of India.

Click Here for More Details and full Circular in Pdf.

Government of India, Ministry of Education Department of School Education and literacy directed to refer to the Ministry of Personnel, PG & Pensions, Department of Pension & Pensioners' Welfare Office Memorandum No.3/6/2021-P&PW(F) dated 1|' October, 2022 and F.No. 3/13/2022-P&PW(F) (8353) dated 2.11.2022 on the subject cited above and to state that the matter has been examined in consultation with Integrated Finance Division of this Ministry and it has been observed that employees of Autonomous Bodies, covered under CCS (Pension) Rules 1972, are following GPF rules applicable to Central Govt, employees, therefore, if there is any restriction/curtailment has been imposed for Central Government employees, the same should also be effected over the employees of Autonomous Bodies covered under the same Rules. Hence, it has been decided that the restriction in GPF subscription (maximum upto 5.00 lakh in a FY) is to be implemented in all the Autonomous Bodies, under the administrative control of this Department, from the current FY 2022-23 itself.

It is, therefore, requested that the provisions of the GPF Rules. 1960 regarding limit of subscriptions under GPF in a financial year by a subscriber may be given wide publicity to all the employees under your organization and, more particularly, to the personnel dealing with the GPF matters in your organization for strict compliance.

This issues with the approval of Secretary, SE&L

Click Here for More Details and full Circular in Pdf.

KVS Announcement For Ceiling of Rs. 5 Lakh on subscription to General Provident Fund (GPF) in a financial year.

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