Provident Fund Rules – Amendment to Chapter 9 of the Indian Railway Establishment Code Vol.I: Railway Board

Provident Fund Rules – Amendment to Chapter 9 of the Indian Railway Establishment Code Vol.I – Advance correction slip No. 144: Railway Board Order RBE No. 14/2023 dated 13.01.2023

RBE No.14/2023

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

No.D-43/11/2017-F(E)III

New Delhi, dated: 13.01.2023.

The General Managers/Principal Financial Advisors,
All Zonal Railways/Production Units otc,
DGs of RDSO and NAIR.

Sub: Amendment to Chapter 9 of the Indian Railway Establishment Code Vol.I (1985-Edition).

In exercise of the powers conferred by the proviso to Article 309 of the Constitution, the President is pleased to direct that Chapter 9 of Indian Railway Establishment Code Vol.I, (1985-Edition) (Third Re-print Edition 2008) be amended as in the Advanced Correction Slip No. 144 attached.

(Sanjay Prashar),
Deputy Director, Finance (Estt.) III,
Railway Board.

INDIAN RAILWAY ESTABLISHMENT CODE, VOLUME-I
FIFTH EDITION-1985 (Third Reprint Edition-2008)

Chapter 9

Provident Fund Rules:
ADVANCE CORRECTION SLIP No.:- 144

1. In Rule 905, after sub-rule (2), the following sub-rule shall be inserted, namely:-

“(3) The amount of subscription fixed under Rule 909 and fixed or reduced or enhanced under sub-rule (2) shall be subject to limit specified in the second proviso to sub-rule (1) of Rule 909,”

2. In Rule 908, the following proviso shall be inserted, namely:-

“Provided that the sum of the monthly subscriptions during a financial year together with the amount of arrear subscriptions deposited in that financial year shall not exceed the limit as specified in the second proviso to sub-rule (1) of Rule 909”

3. In Rule 909, in sub-rule (1), after the proviso, the following proviso shall be inserted, namely:-

‘Provided further that:-

the sum of monthly subscriptions in a financial year shall not exceed the threshold limit referred to in sub-clause (1) of clause (c) of the Explanation below sub-rule (2) of rule 9D of the Income Tax Rules, 1962”

4. In Rule 910, in sub-rule (3), after the proviso, the following proviso shall be inserted, namely:-

“Provided further that the sum of the monthly subscriptions during a financial year together with arrears of subscription and the interest thereon recovered in that financial year shall, in no case, exceed the limit as specified in the second proviso to sub-rule (1) of Rule 909.”

(Authority: Pension & Pensioners’ Welfare’s (DOP&PW) notification No. CG-DL-W- 21072022-237410 dated 15.06.2022)

Source: Indian Railways