Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Provident fund withdrawal limits govern illness, marriage, housing, and other purposes through service conditions and refund safeguards. Withdrawal from a recognised provident fund is regulated by purpose-specific monetary ceilings and service conditions. For illness or marriage-related withdrawals by an employee drawing pay above five thousand rupees a month, the amount is limited to six months' pay or the accumulation of exempted contributions and exempted interest, whichever is less. Withdrawals for housing-related purposes are subject to detailed safeguards, including caps linked to pay, employee contribution, actual cost, service period, time limits for construction or purchase, property restrictions, instalment-based disbursement, and refund of excess or unused amounts with interest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Provident fund withdrawal limits govern illness, marriage, housing, and other purposes through service conditions and refund safeguards.
Withdrawal from a recognised provident fund is regulated by purpose-specific monetary ceilings and service conditions. For illness or marriage-related withdrawals by an employee drawing pay above five thousand rupees a month, the amount is limited to six months' pay or the accumulation of exempted contributions and exempted interest, whichever is less. Withdrawals for housing-related purposes are subject to detailed safeguards, including caps linked to pay, employee contribution, actual cost, service period, time limits for construction or purchase, property restrictions, instalment-based disbursement, and refund of excess or unused amounts with interest.
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