GPF Rules for Assistant teacher in secondary school.

Discussion in 'Provident Fund' started by BABULAL SWARNAKAR, Nov 12, 2014.

  1. Sir kindly provide me an information regarding GPF account opening......A teacher in additional post , when he will open his GPF account either one year of continuous service or after confirmation of his service?....For this regarad provide me G.O.
     
  2. mihiracharya

    mihiracharya Staff Member

    All incumbent may be allowed to open his/ her GPF account after one year, minimum @ 6% of Basic Pay.
     
  3. I am a high school teacher, joined on 05 Dec 2013 in Permanent post. So, I have to subscribe for PF from Dec 2014, but still now our HM have not done any work regarding pf deduction. on query, he replied that he will deduct PF from march 2016. My question is

    1. What is the procedure for subscribing to PF?
    2. What is the procedure to submit and pay my pending PF subscription from Dec 2014?
    3. will it causes any trouble if I not pay the pending PF?
     
  4. mihiracharya

    mihiracharya Staff Member

    Your HM could deduct PF from March,15. But he did not deduct, it may wrong. But there will be no trouble in future. You can not able to deposit your P.F. at any time of the year. Is is a good process to deposit in the beginning of a F.Y., and there is no limit. You can deduct up to 3/4 of your Basic. Now, from Salary of March'16 you may deduct the amount of your choice, but not less than 6 % of B.P. You just inform your HM by written mentioning the amount which you wanted to deposit as P.F. Deduct as multiplication of Rs. 500. i.e. 500/-, 1000/-, 1500/-, 3000/- 5000/-,( round figure)as you like.
    Thanks a lot.
     
    g_patra likes this.
  5. g_patra

    g_patra Member

    Is it mandatory to deduct in multiples of Rs 500/-
     
  6. mihiracharya

    mihiracharya Staff Member

    No, no. I wanted to say if the deposit is in round figure, then it will be a good practice.
     

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