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 pre-retirement withdrawal allows up to ninety per cent access within twelve months before superannuation. The trustees of a recognised provident fund may permit an employee to withdraw up to ninety per cent of the amount standing to the employee's credit at any time within twelve months before the date of retirement on superannuation. This facility operates notwithstanding the earlier withdrawal rules and applies only in the period immediately preceding retirement.
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 pre-retirement withdrawal allows up to ninety per cent access within twelve months before superannuation.
The trustees of a recognised provident fund may permit an employee to withdraw up to ninety per cent of the amount standing to the employee's credit at any time within twelve months before the date of retirement on superannuation. This facility operates notwithstanding the earlier withdrawal rules and applies only in the period immediately preceding retirement.
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