Employees welfare fund scheme


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2011 Plz tell me about the income tax status of Employees Welfare Fund Scheme
and how to register the same and under what status to get tax benefits

20 October 2011 As per section 10(23aaaa) This section is inserted into the Act, with effect from 01-04-1996
The total income of the fund established under a trust and evidenced by a trust deed, if approved by Commissioner or Director (Exemptions), as the case may be shall be exempt from taxes on income
The fund shall be established with the objectives, that are notified by central government, of {employee welfare or dependents of employees} who are members of the fund
The specified objectives notified are a) payments on superannuation b) payment for medical facilities c) payments at the time of death of member to the families etc
The contribution by members shall be periodical
for more detail contact 7303851941

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 October 2011 Hi Naresh,
i hav the same query of trust fund

21 October 2011 sorry sir i was in meeting...call me again


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