Government
of West Bengal
Finance Department
Audit Branch
Finance Department
Audit Branch
No. 8912-F(J), Kolkata, the
01st November, 2012
MEMORANDUM
Sub:
Change of rate of GPF Subscriptions.
The undersigned is directed to
say that in terms of Finance Department Memo. No. 1969-F dated 24.02.1989, the
amount of subscription to the General Provident Fund once fixed by the
subscriber can not be changed during the course of a financial year. But it is
observed in the last few years that a good number of subscribers are changing
their amounts of subscriptions during the course of a financial year due to
ignorance or some other reasons resulting in a part of the subscription being
treated as unauthorized and that portion of the subscription earns no interest
through out the service carrier of the subscriber.
After careful consideration of
the matter the Governor is pleased to decide that the amount of subscription
may be
a) enhanced twice at any time
during the course of the financial year.
b) reduced once at any time
during the course of the financial year; or
c) enhanced and reduced as
aforesaid;
Provided that when the amount
of subscription is so enhanced/reduced, it shall be within the limit of minimum
6% and maximum 100% of the emolument of the subscriber.
The above decisions will come
into force from the next financial year i.e. 2013-2014 and the relevant
provision of the General Provident Fund (WBS) Rules will be amended in due
course.
Sd/-
P.N. Samadder
Joint
Secretary to the
Government of West Bengal,
Finance Department
Government of West Bengal,
Finance Department
No. 8912/1(1)-F(J), Kolkata,
the 01st November, 2012
Copy forwarded for information
and necessary action to the Deputy Accountant General (Fund), Office of the
Principal Accountant General (A&E), West Bengal, Treasury Building, 2,
Govt. Place, Kolkata-700001. – with reference to his letter No.
FM/CH-III/Withdrawal. Unauth. Subs/94 dated 11.10.2011.
Sd/-
P.N. Samadder
Joint
Secretary to the
Government of West Bengal,
Finance Department
Government of West Bengal,
Finance Department
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