Sunday, September 7, 2014

Revision of maximum limit of subscription in a financial year of PPF Account

Revision of maximum limit of subscription in a financial year of PPF Account

No. F.No. 113-01/2011-SB
Government of India
Ministry of Communications & IT
Department of Posts

Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 21.08.2014
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.

Subject:- Revision of maximum limit of subscription in a financial year of PPF Account.

Sir / Madam,

The undersigned is directed to convey the decision of the Min. of Finance (DEA) for revision of existing maximum limit of subscription in a financial year in the existing PPF accounts as well as new PPF account to be opened on or after 13.08.2014. Now the subscription in a financial year shall be Rs 1,50,000/- in "place of Rs 1,00,000/- in PPF accounts. The copy of Gazette Notification No. G.S.R. 588 (E) dated 13.08.2014 issued by MOP (DEA) is enclosed.


2. it is requested to circulate this instruction to all field units and ensure that the instruction is strictly followed.

3. This issues with the approval of Competent Authority.

Read/download: Notification

Prime Minister's National Relief Fund - Reg.

Prime Minister's National Relief Fund - Reg.

PRIME MINISTER'S OFFICE
New Delhi
Subject: Prime Minister's National Relief Fund - Reg.

Prime Minister's National Relief Fund (PMNRF) was constituted in January,1948 to assist displaced persons from Pakistan.The resources of the PMNRF are now utilized primarily to render immediate relief to the affected families of those killed/injured in natural calamities like floods, cyclones and earthquakes, etc. or in the major accidents/riots. The fund is also utilized to provide financial assistance for medical treatment like heart surgeries, kidney transplantatiory cancer treatment,etc. The fund consists entirely of voluntary public contributions and does not get any budgetary support. Prime Minister  is the Chairman of the fund'

2. The undersigned is desired to convey that arrangements may be made to display a caption "All donations towards the Prime Minister's National Relief Fund (PMNRF) are notified for 100% deduction from  taxable income under Section 80G of the Income Tax Act, 1961" by your Department at its home webpage. Besides, Department may also request the PSUs concerned with the Department to carry out this exercise also.

3. This issues with the approval of competent authority.
(Santosh D.Vaidya)
Director
Secretary, Department of Posts, New Delhi
Source:  http://www.indiapost.gov.in

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