Revision of Rate of interest on General Provident Fund
Contents News/Article Date: 2nd November 2022
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952
Applicable to which State: Jammu & Kashmir State
Type: Government of Jammu & Kashmir, Finance Department, codes Division, Government Order No. 240 F of 2022
Pertains to: Subscribers to General provident fund
Relevance of this news: As we all know that under the Provident Fund and Employee State Insurance Corporation Act, it is mandatory to provide some contributory and health care benefits to employees for which there is some percentage contribution on the part of the employer towards each and every employee who is eligible for this purpose in the immediate and long-run while in tenure of service. These are also known as social security benefits that are governed and managed by Government bodies as per rules and regulations laid down and understood by all employers applicable by these Acts.
Karma does a lot of work on PF & ESI and especially under the PF act, there are a lot of chapters and sections, and sub-sections against which obligations are required to be fulfilled by employers and employees. Karma takes care of all the obligations for the establishments as well as members of the Fund.
In this instance, the news item is relating to the interest given on the general provident fund which is further announced by the J & K Government to all its subscribers.
Subject: – Revision of rate of interest on General Provident Fund
For greater details, appended below is the complete news item
J&K: Revision of Rate of Interest On General Provident Fund
03 November, 2022, By Cross Town News
Jammu, 2Nov: Got issued orders regarding Revision of Rate of Interest on General Provident Fund, copy with CTN reads as: –
