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 repayment rules set instalment limits, interest charges, and employer deduction requirements. Repayment of amounts withdrawn from a recognised provident fund depends on the permitted purpose of the withdrawal. Certain specified withdrawals need not be repaid, while marriage-related withdrawals must be repaid in not more than forty-eight equal monthly instalments and other withdrawals in not more than twenty-four equal monthly instalments. Interest is payable according to the prescribed instalment-linked table, and the employer must deduct the instalments from salary and pay them to the trustees beginning with the second salary payment after the withdrawal or return to duty.
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 repayment rules set instalment limits, interest charges, and employer deduction requirements.
Repayment of amounts withdrawn from a recognised provident fund depends on the permitted purpose of the withdrawal. Certain specified withdrawals need not be repaid, while marriage-related withdrawals must be repaid in not more than forty-eight equal monthly instalments and other withdrawals in not more than twenty-four equal monthly instalments. Interest is payable according to the prescribed instalment-linked table, and the employer must deduct the instalments from salary and pay them to the trustees beginning with the second salary payment after the withdrawal or return to duty.
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