Public Provident Fund contribution ceiling raised and late payment interest rate increased under amended Scheme provisions. Amendment increases the maximum annual contribution ceiling under the Public Provident Fund Scheme by substituting the prior lower cap with a higher cap in the Scheme text and in Form A, and revises the Scheme's rate for delayed payments by replacing the previous single-percentage rate with a higher single-percentage rate, with a specified commencement date for these substitutions.
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Provisions expressly mentioned in the judgment/order text.
Public Provident Fund contribution ceiling raised and late payment interest rate increased under amended Scheme provisions.
Amendment increases the maximum annual contribution ceiling under the Public Provident Fund Scheme by substituting the prior lower cap with a higher cap in the Scheme text and in Form A, and revises the Scheme's rate for delayed payments by replacing the previous single-percentage rate with a higher single-percentage rate, with a specified commencement date for these substitutions.
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