Para 12.70 — MSO (A&E)
Original Rule Text
12.70 Interest creditable for each year should be incorporated in the accounts on the basis of statements furnished by heads of departments.
(e) the subscriptions are within maximum and minimum limits, and;
(f) all final payments in excess of Rs. 20,000 have been correctly made.
NOTE:-The detailed accounts of Contributory Provident Fund of workcharged establishment of the C.P.W.D. are also maintained by the respective Divisions. These are checked in local audit and only a broadsheet is maintained in Accountant General office for the purposes of reconciliation.
What This Means
For GPF accounts maintained by departmental authorities, interest for each year is incorporated into the AG's records based on statements furnished by the Heads of Departments. The review also checks that subscriptions are within the prescribed maximum and minimum limits and that all final payments exceeding Rs. 20,000 have been correctly made. The same principles apply to the Contributory Provident Fund accounts of work-charged establishment of CPWD, which are maintained by divisions and checked in local audit, with only a broadsheet maintained in the AG office for reconciliation.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Interest is incorporated based on departmental head statements, not independently calculated
- 2Subscription amounts must be within prescribed maximum and minimum limits
- 3All final payments above Rs. 20,000 must be checked for correctness
- 4CPWD work-charged establishment CPF follows the same departmental maintenance model
- 5AG office maintains only a broadsheet for these departmentally-maintained accounts
Practical Example
The Head of the Forest Department submits a statement showing total interest of Rs. 12,50,000 credited to Class IV GPF accounts for the year. The AG office incorporates this figure into its broadsheet. During local audit, the team finds that one forest guard's subscription was Rs. 5,000 per month — below the prescribed minimum of Rs. 6,000 for his pay level. A final payment of Rs. 45,000 to a retired watchman is scrutinized and found to be correctly calculated. The AG office sends an objection about the irregular subscription amount.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why is there a maximum and minimum limit on PF subscriptions?▼
Why are final payments above Rs. 20,000 specifically checked?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.