Rule – 90, Commutation of annuity
March 28, 2018
Rule – 92, Penalty if employee assigns or charges interest in fund
March 28, 2018

Rule – 91, Beneficiary not to have any interest in insurance and employer not to have any interest in fund’s moneys

91. (1) No beneficiary shall have any interest in any insurance policy taken out by the trustees under the rules of a fund and he shall be entitled only to an annuity from the fund.

(2) No money belonging to the fund shall be receivable by the employer under any circumstances nor shall the employer have any lien or charge on the fund.

Reference: www.incometaxindia.gov.in

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