The Kerala High Court has issued a notice to the Union government and the Regional Provident Fund Commissioner on a writ petition challenging the requirement to furnish proof of having paid higher provident fund contribution under para 26 of the Employees Provident Fund Scheme by the employees for getting higher pension. In a writ petition, Sasheer S. and other 19 …
The Mumbai Bench of the Income Tax Appellate Tribunal has held that payment towards an employee’s contribution to the provident fund after the due date is not allowable as a deduction.The two-member bench of Sandeep Singh Karhail and Om Prakash Kant has relied on the Supreme Court's decision in the case of Checkmate Services Ltd. and ruled. The Mumbai Bench …
HARRISBURG, Pa. — The board of Pennsylvania’s largest public pension system on Monday night voted to raise contribution rates for tens of thousands of public school employees, part of the fallout from what system officials have called a mistake in calculating the fund’s long-term investment performance. If the increases take effect, contribution rates would rise starting next July 1 for …
