RPMF Deduction in Income Tax
The state government has increased the limit of deduction to be made from the salary of government employees for the Rajasthan Pensioners Medical Fund (RPMF). This will affect about 8.5 lakh state employees of the state. In the order issued by the Finance Department on Wednesday, the amount of its monthly subscription has been increased. Now from the salary of the state government employees for the month of May, now more amount will be deducted than before. Every month deduction is made for this item from the salary of employees appointed before 1st January 2004. Today in this article we are going to talk about RPMF Deduction in Income Tax.
According to the order issued by the Rules Division of the Finance Department, the salary of employees with basic pay up to Rs 18000 in the Pay Matrix will now be deducted at Rs 265 per month instead of Rs 242. At the same time, this deduction has been increased from Rs 402 to Rs 440 per month for employees with basic pay of 18000 to 33,500. Similarly, in the basic slab of 33500 to 54 thousand, this deduction has been made from Rs 602 per month to 658 per month. It has been increased from Rs.800 to Rs.875 per month for employees having basic salary of more than 54000. In this way, a provision has been made for such deduction for the employees taking the sixth and fifth pay scales.
The increase was also done in May 2019
Earlier in May 2019, the cut was increased for RPMF. After a year, now it has been increased again. The reason behind this is now being told the changed circumstances. The economy of the state has derailed due to Corona virus. The state government is facing financial difficulties. However, the officials of the Finance Department are telling the interest of the employees behind increasing the deduction of employees for this item.
Lakhs of pensioners get benefits
Officials of the Finance Department say that the deduction in this item has been increased only for the welfare of the employees. Now pensioners will get the benefit of this. At present, about 3.75 lakh government pensioners are dependent on RPMF for their medical facilities. Recently this fund had reached a state of financial crisis. Due to paucity of money, bills worth crores of pensioners are currently pending.
RPMF Deduction Slab in Rajasthan State Employees
RPMF Deduction in Income Tax Slab 7th Pay
|With Effect From||Upto 7000||7001-13000||13001-21000||Above 21000|