Rule – 103, Ordinary annual contributions
March 28, 2018
Rule – 105, Penalty if employee assigns or charges interest in fund
March 28, 2018

Rule – 104, Initial contributions

45104. The amount to be allowed as a deduction on account of an initial contribution which an employer may make in respect of the past services of an employee admitted to the benefits of a fund shall not exceed 81/3 per cent of the employee’s salary for each year of his past service with the employer.

Reference: www.incometaxindia.gov.in

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