Amendment of Schedule XI.

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....und shall be a fund-- (i) of an establishment to which the provisions of section 1(3) of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952) apply; or (ii) of an establishment notified by the Central Provident Fund Commissioner under section 1(4) of the said Act, and such establishment shall obtain exemption under section 17 of the said Act....

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.... C, in paragraph 1,- (i) clause (d) shall be omitted. (ii) for clause (e), the following clause shall be substituted, namely:- "(e) to regulate investment or deposit of the moneys of a recognised or an approved fund;". - Clause 111 of the Bill seeks to amend Schedule XI to the Income-tax Act, 2025 relating to recognised provident funds. It is proposed to amend th....

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.... (iv) to align the limits on employer contributions with the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and the absolute monetary ceiling provided under section 17(1)(h) of the Income-tax Act, 2025; (v) to remove the applicable limits for employee-shareholders as no such limit exists in the Employees' Provident Fund framework and to align it with the uniform ....