Rule – 102, Admission of directors to a fund
March 28, 2018Rule – 104, Initial contributions
March 28, 201843103. The ordinary annual contribution by the employer to a fund shall be made on a reasonable basis as may be approved by the 44[Chief Commissioner or Commissioner] having regard to the length of service of each employee concerned so, however, that such contribution shall not exceed 81/3 per cent of the salary of each employee during each year.
Reference: www.incometaxindia.gov.in
