Dependent parents income threshold governs coverage under the Code for Chapter IV benefits and qualifying dependency status. Dependent parents of an employee are covered for the purposes of Chapter IV of the Code only where their income from all sources does not exceed the prescribed monthly limit, or such higher amount as may later be notified. The rule fixes the income threshold for determining dependency under the relevant definition and operates as a qualifying condition for application of Chapter IV.
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Dependent parents income threshold governs coverage under the Code for Chapter IV benefits and qualifying dependency status.
Dependent parents of an employee are covered for the purposes of Chapter IV of the Code only where their income from all sources does not exceed the prescribed monthly limit, or such higher amount as may later be notified. The rule fixes the income threshold for determining dependency under the relevant definition and operates as a qualifying condition for application of Chapter IV.
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