Power to make deductions in Provident Fund

Power to make deductions in Provident Fund

Power to make deductions in Provident Fund: When the sum standing to the credit of any subscriber or depositor in any Government or Railway Provident Fund which is a contributory Provident Fund becomes payable, there may, if the authority specified in this behalf in the rules of the Fund so directs, be deducted therefrom and paid to Government or the Railway Administration, as the case may be,‑–

(a) any amount due under a liability incurred by the subscriber or depositor to Government or the Railway Administration, but not exceeding in any case the total amount of any contributions credited to the account of the subscriber or depositor and of any interest or increment which has accrued on such contributions ; or

(b) where the subscriber or depositor has been dismissed from his employment for any reasons specified in this behalf in the rules of the Fund, or where he has resigned such employment within five years of the commencement thereof, the whole or any part of the amount of any such contributions, interest and increment.

To hire us for your Provident Fund Registration and Application for Issuance of Exemption Certificate for Provident Fund Trust under section 159 read with section 151 further read with clause 57(3) of 2nd Schedule of The Income Tax Ordinance, 2001

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  1. Pingback: Power to apply the act to the Provident Funds | Provident Fund Pak

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