Income Tax Law
Income-tax Rules, 2026
Rule 322Initial contributions
Income-tax Rules, 2026 · G.S.R. 198(E), dated 20-03-2026
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 8 1 3% of the salary of the employee for each year of his past service with the employer.
Referenced by
Rule 316 Definitions for purposes of rules 317 to 329