Income-tax Welfare Fund Rules, 2007

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (1) These rules may be called the Income-tax Welfare Fund Rules, 2007. (2) The benefits of the Income-tax Welfare Fund (hereinafter called the "Fund") shall extend to all officers and staff (hereinafter collectively called 'officials') of the Income-tax Department wherever working. Purposes of the Fund. 2. The underlying purposes of the Fund shall be as under:- (a)   Promotion of welfare, recreation and other outdoor activities for the officials, including a sense of adventure. The welfare activities shall include setting up of recreation clubs, libraries, scholarships for children of officials, opening of creches, providing vocational training to spouses of officials, arrangements of subsidized transport facilit....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of difficulties caused by natural calamities like floods, earthquakes, drought, etc. Sources of Fund. 3(1) The corpus of the fund shall be Rs.100 crores (Rupees One hundred crores) which shall be contributed by the Government. (2) Accretions to the Welfare Fund shall be made from contributions as under:- (i) 10% of the excess of amount received after auction over consideration paid by the Government on sale of properties acquired by the Government under Chapter XX-C of the Income-tax Act (pre-emptive purchase of property) or under any other provision of similar nature that may be introduced under the Income-tax Act. (ii)  10% of the reward sanctioned to the officers and staff of the Income-tax Departm....