Complied AI Back to law library Reading nowIncome-tax Rules, 19620 chapters · 444 rules

Divisions22

- ¶Part 13 overview
- 82Definitions
- 83Establishment of fund and trust
- 84Conditions regarding trustees
- 85Investment of fund moneys
- 86Admission of directors to a fund
- 87Ordinary annual contributions
- 88Initial contributions
- 89Scheme of insurance or annuity
- 90Commutation of annuity
- 91Beneficiary not to have any interest in insurance and employer not to have any interest in fund's moneys
- 92Penalty if employee assigns or charges interest in fund
- 93Arrangements on winding up, etc., of business
- 94Arrangements for winding up, etc., of fund
- 95Application for approval
- 96Amendment of rules, etc., of fund
- 97Appeal

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Rule 87: Ordinary annual contributions · Complied AI

Part 13
Rule 87

Rule 87Part 13

Ordinary annual contributions

The ordinary annual contribution by the employer to a fund in respect of any particular employee shall not exceed twenty-seven per cent of his salary for each year as reduced by the employer's contribution, if any, to any provident fund (whether recognised or not) in respect of the same employee for that year.

Rule 86 Rule 87 Rule 88