Singapore legislation
Regulation 5
of Income Tax (Relief and Deduction under Section 39) Rules 2021
Regulation 5
Specified amount for payment to special account
Subregulation 1
The specified amount mentioned in rule 3(1)(b)(i) and (2)(b)(i) is the lower of the following:
the amount of the payment mentioned in rule 3(1)(b)(i) or (2)(b)(i), as the case may be;
the maximum amount prescribed in regulation 7(1) of the Central Provident Fund (Topping‑Up of Special Account) Regulations (Rg 37) that applies to the member concerned, determined immediately before that payment.
Subregulation 2
The specified amount mentioned in rule 3(1)(b)(ii) and (2)(b)(ii) is the sum total of the amount F for each of the payments mentioned in rule 3(1)(b)(ii) or (2)(b)(ii) (as the case may be), where F for each payment is the lower of the following:
the amount of the payment;
the maximum amount prescribed in regulation 7(1) of the Central Provident Fund (Topping‑Up of Special Account) Regulations that applies to the member concerned, determined immediately before that payment.