IREC Rule No.909: Amount Of Subscription
909. Amount Of Subscription:-
(1) The amount of subscription payable for any month shall be 8.1/3% i.e. one twelfth of the subscriber’s emoluments for that month in the case of SRPF (Non-contributory) Staff and 10% i.e. one tenth of the subscriber’s emoluments in the case of SRPF (contributory) Staff.
Provided that;
(i) in the case of a person on leave other than leave without pay, the subscription to the State Railway Provident Fund shall be one twelfth (if governed by SRPF / Non-Contributory Scheme) and one tenth (if governed by SRPF / Contributory Scheme) of the officiating / substantive pay (including overseas pay. special pay if it forms part of the scale of pay of the post, personal pay and dearness pay) admissible to the railway servant from time to time, in the post which he would have held but for being on leave. In the case of running staff one-twelfth (if governed by SRPF/non-contributory scheme) and one-tenth (if governed by SRPF/ contributory scheme) of 55% of basic pay shall also be added to the subscription referred to above. No subscription shall be recovered during the leave without pay.
Explanatory Note: In the light of revision of employee’s subscription / employer’s share of contribution to the employee’s Provident Fund from 8.1/3% to 10%’ the Government of India have also decided to enhance the employee’s subscription / employer’s share of contribution to the CPF from the existing 8.1/3 % to 10% w .e. f. 01.03.1992. It is certified that none of the employees governed by these rules will be adversely affected with this amendment.
(ii) In the case of a person under suspension, no subscription shall be recovered from the subsistence allowance but if he is subsequently reinstated he shall be allowed the option of paying in one lump sum or in installments any sum not exceeding the maximum amount of arrear subscription payable for that period.
Provided further that:- the sum of monthly subscriptions in a financial year shall not exceed the threshold limit referred to in sub-clause (i) of clause (c) of the Explanation below sub-rule (2) of rule 9D of the Income Tax Rules, 1962.
Above proviso inserted vide RBE No.14/2023 (ACS No.144)
(2) The subscription shall be rounded off to the nearest rupee, fifty paise and above being counted as the next higher rupee and less than fifty paise being dropped.
(3) A Railway servant who is subscribing to the State Railway Provident Fund (non- contributory) shall be, exempted from making any, subscription, to the fund during the last 3 months of the service. The discontinuance of the subscription would be compulsory and not optional. Recovery towards refund of advance taken from the Provident Fund also may not be made during this period. Further, no temporary advance shall be sanctioned during the last 3 months from the Provident Fund.
(4) Railway servant governed by the State Railway provident Fund (Contributory scheme) shall not subscribe to the fund for the month in which he quits service unless before the commencement of the said month he communicates to the Head of Office in writing his option to subscribe for the said month.