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<h1>Definitions for Gratuity Funds in Income-tax Rules: Beneficiary, Fund, Trust, and Trustee in Part XIV Explained.</h1> In Part XIV of the Income-tax Rules, 1962, concerning approved gratuity funds, specific definitions are provided. A 'beneficiary' is defined as a person for whom a gratuity provision is made, as specified in clause (b) of rule 3 of Part C of the Fourth Schedule. A 'fund' refers to a gratuity fund, while a 'trust' pertains to the trust under which the fund is established, with 'trustee' being the individual managing the trust.