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)
Recognised provident fund contribution limits apply to employee and employer payments, with special caps for bonus contributions. Limits are prescribed on contributions to a recognised provident fund maintained by a company. Where an employee holds shares in the company carrying voting power exceeding ten per cent, the combined employee and employer contribution is subject to a monthly ceiling. The rule also caps the employer's aggregate annual contribution to an eligible employee's individual account at twice the employee's contribution, and limits contingent bonuses and other bonus contributions to the employee's annual contribution, subject to specified exceptions.
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.
Recognised provident fund contribution limits apply to employee and employer payments, with special caps for bonus contributions.
Limits are prescribed on contributions to a recognised provident fund maintained by a company. Where an employee holds shares in the company carrying voting power exceeding ten per cent, the combined employee and employer contribution is subject to a monthly ceiling. The rule also caps the employer's aggregate annual contribution to an eligible employee's individual account at twice the employee's contribution, and limits contingent bonuses and other bonus contributions to the employee's annual contribution, subject to specified exceptions.
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