Provident Fund

(Included this article on request)

There are 3 types of PF schemes provided by the employer, namely Statutory PF, Recognised PF and Unrecognised PF.

However, an employee may also contribute to the Public Provident Fund scheme.

Statutory PF:

This fund set up under Provident Fund Act, 1925 is mainly meant for Govt and semi Govt employees, university/educational institutions etc.

Employee’s contribution: eligible for rebate u/s 88.
Employer’s contribution: Fully exempt from tax.
Interest on PF: fully exempt from tax
Repayment: fully exempt from tax u/s10 (11)

Recognised PF:

It is a scheme to which the Employee’s Provident Funds and Miscellaneous Provisions
Act, 1952 applies. According to this Act, any establishment, which employs 20 or more persons, is obligated to register under the Act and start a PF scheme for the employees in the organisation. Such scheme has to be approved by the Provident Fund Commissioner as well as the Commissioner of the Income Tax.


Employee’s contribution: rebate u/s 88 is available
Employer’s contribution: exempt up to 12% of salary, excess of 12% to be included in gross salary.
Interest on PF: exempt u/s 10 up to 9.5% p.a Interest credited in excess of 9.5% to be included in gross salary.

Repayment: exempt in the following cases:
In the case of an employee who has rendered continuous service with his employer for a period of 5 years or more, or In the case of an employee whose service has been terminated by reason of ill health of the employee or due to the discontinuance of the employer’s business or other cause beyond the control of the employee.

In the case of an employee who obtains employment with another employer who maintains any RPF to which the accumulated balance becoming due and payable is transferred.

In all other cases, where repayment is made, an employee will be liable to be taxed on the earlier exempted amount. Even the employer contribution and interest accumulated on the entire amount shall be taxed to income under the respective heads of income.

Unrecognised PF:

A scheme started by an employer not approved by the Commissioner of Income Tax is called as an URPF.

Employee’s contribution: No rebate u/s 88 is available.
Employer’s contribution: not taxable at the time of contribution
Interest on employer’s contribution: not taxable at the time of credit
Repayment: Accumulated employee’s contribution is not taxable
Interest on employee’s contribution till date is taxable as income from

Other sources.
Employer’s contribution+ interest on such contribution is taxable as profit in lieu of salary.

An employee in a government sector need not bother about the PF scheme as in all cases it is a statutory PF and hence exempt from tax. Where as an employee and an employer of a private sector concern have to ensure that their PF scheme is approved by the concerned Income Tax Official to get the eligible exemptions. Needless to say that a recognised PF scheme is the most common and immediate investment that strikes the mind of a middle class salaried person.

Domicile/Residence Certificate

Introduction :
A Domicile/Residence Certificate is issued to prove that the person bearing the Certificate is a Domicile/Resident of the State/UT by which the Certificate is being issued.
This certificate is issued to those who prove that they have been continuously staying in Maharashtra State for a period of 15 years.

The Certificate is essential for following purposes -
For getting preference in admission to Medical, Pharmacy & Engineering Colleges in Maharashtra
For obtaining Driving Badge from Regional Transport Authorities
For obtaining Flat/Plots from Government Quota

Under What Act/Rules/Govt. orders the Certificate is issued :
Education purpose :
Govt. of Maha. Revenue & Forest Dept. No.MSC-1083/8161/CR-63/M-5 dt.27.5.1983.

Taxi Badge
Govt.of Maharashtra. Home Deptt. Notification No.MVA-0289/613/TRA-2 dated 31 October 1991.
Letter No.RTO/M/(M) from Regional Transport Officer, Mumbai (Central), Public Badge/1991/O. Sr.No. 8494 dated 11.12.1991.

MHADA flats/Plots
Govt. of Maha. Housing and Special Assistance Deptt. No.Allot/1089/5397/Desk-4 dt.22.9.1989.
Govt. of Maha. Housing and Special Assistance Deptt. Govt. Circular No.Hsg/1190/(9)/D-19 dated 11. April 1991.

Whom to apply :
Collector of Mumbai, Old Custom House, Fort, Mumbai - 400001, Ground floor, Single Window.

How to apply :
Application to be made in the prescribed form Affix Court Fee Stamp of Rs.5/- on the application

What documents to attach :
Certified copies of the following documents are required to be attached along with application:
Any proof showing 15 years stay (i.e. ration card, rent receipt, electric bill etc.)
Attested xerox copy of first and last page of ration card
Affidavit duly affirmed on stamp paper of Rs.20/-.
For Medical, Pharmacy & Engineering Colleges admission School Leaving Certificate or HSC Exam Hall ticket
For Taxi badge from RTO driving licence and domicile Certificate.
For MHADA Flats/Plots certificied copy of allotment letter

Where to submit the Application -
Single window, Ground floor, Old Custom House

Time limit within which the certificate will be delivered - 7 days

Complaint Redressal authority - Collector office Mumbai City

Application form will be available at Old custom house

Required documents for Examination Forms for Repeaters only

Mumbai University,IDOL, Required documents for Examination Forms for Repeaters only

Required documents for admission

University of Mumbai, IDOL, Required documents for admission

Information of different courses, duration, Eligibility and Fees - 2010-2011

Mumbai University,IDOL, Information of different courses -2010-11

Procedure for Cancellation of Admission and Refund of Fees

Cancellation of Admission

If you wish to cancel your admission, you should apply in the prescribed form within thirty days from the date of admission and your fees will be refunded as per following ordinances.

0.2859(C) : All the fees paid by a student at the time of admission shall be refunded to him/her after deducting Rs.30/- (Rupees Thirty only) as administrative charges, if the student informs the Professor-cum-Director, Institute of Distance Education, in writing within 30 days from the date of his/her admission, provided he/she has not been issued study material.

0.2859(D) : All the fees paid by a student at the time of admission shall be refundable to him/her after deduction of Rs.250/- (Rupees Two Hundred Fifty only) as administrative charges, provided that, study material has not been issued to him/her and provided further that - i) At the time of applying for admission, he/she intimates in writing that he/she has also applied or intends to apply for admission to one or more of the professional courses conducted by the institutions or departments (including the Institute of Distance Education) of the University or affiliated Colleges to the University.

ii) He/she withdraws his/her application within seven days from the date of his admission to a professional course as mentioned in (i) above, but not later than 30th September, if he/she is a Post-graduate/management student of the same year. In such cases, it shall be binding on the student to produce documentary proof of his/her being admitted to the professional course. Students admitted after above mentioned dates, if any, will not be entitled for the refund of the fees.

Refund of Fees

The Rules presently in force relating to refund of examination fees are as follows

1. Where a candidate Expire in the period of the examination, the entire fee shall be refunded.

2. Where a candidate is taken ill subsequent to the submission of his /her application for admission to the examination and is prevented on medical grounds from appearing at the examination, 50% of the fees shall be refunded to him /her provided an application of such refund, supported by a medical certificate, is submitted to the Professor-cum-Director of the Institute, before three days from the date of commencement of the examination.

(Note : By the expression "date of commencement of the examination" is meant the date on which the first paper at the examination is set and not the date on which the candidate has to appear for his/her first paper. It is necessary that the application for refund should invariably be submitted through the Professor-cum-Director of the Institute. The amount, where refund is granted will be disbursed to the student concerned through the Finance& Accounts section I.D.E.)

The below extract is taken from mumbai university circular published by them.

Transference and Migration Certificates

Transference and Migration Certificates
Whenever a student who desires to leave the (institute either before completing the course for which he/she has been admitted or after completing the course will be required to take the following certificate from the Institute/University.
1. For seeking admission in another institution/college affiliated to this University, a Transference Certificate from the IDE by paying the prescribed fees of Rs.100/- and the Prescribed Application Form with the necessary documents.
2. For seeking admission in other Universities within the country or abroad, the student is required to obtain Migration Certificate by submitting an application in a prescribed form, from the Migration Certificate Section of the University.
Which is situated at Dr. Babasaheb Ambedkar Bhavan, Vidyanagari, Kalina, Santacruz (East), Mumbai 400 098.
The Migration Certificate Form, along with a Demand Draft for Rs.220/- drawn in favour of the Finance and Accounts Officer, University of Mumbai should be submitted in the office of the Asstt. Registrar (Administration), Institute of Distance Education. Before submitting the application for Migration Certificate, he/she should obtain a Transference Certificate from the Institute by filling the required form, along with the fees of Rs.100/- in cash from Monday to Friday from 11.00 a.m. to 2.30 p.m. with lunch break from 1.00 p.m. to 1.30 p.m.

The prescribed form/s for obtaining above mentioned certificates will be available in the office of the IDE.