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)
Contribution limits to recognised provident funds restrict aggregate contributions; special caps for major shareholders with low-salary exceptions. Where an employee holds over ten percent of voting power, combined employer and employee monthly contributions to the recognised provident fund are capped at a specified small amount. For employees earning at or below a low monthly salary threshold, the employer's annual aggregate contribution, including normal contributions, cannot exceed double the employee's contributions. Periodical bonuses and contingent employer contributions to an individual account in any year are limited to the employee's contributions, except where bonus contributions arise from an Industrial Tribunal award, Court order, or agreement with the employees' union(s) for employees earning at or below the low salary threshold.
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.
Contribution limits to recognised provident funds restrict aggregate contributions; special caps for major shareholders with low-salary exceptions.
Where an employee holds over ten percent of voting power, combined employer and employee monthly contributions to the recognised provident fund are capped at a specified small amount. For employees earning at or below a low monthly salary threshold, the employer's annual aggregate contribution, including normal contributions, cannot exceed double the employee's contributions. Periodical bonuses and contingent employer contributions to an individual account in any year are limited to the employee's contributions, except where bonus contributions arise from an Industrial Tribunal award, Court order, or agreement with the employees' union(s) for employees earning at or below the low salary threshold.
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