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<h1>Employee welfare deductions: employer contributions to recognised retirement and gratuity funds allowed, subject to limits, conditions and timing rules.</h1> Deductions for employer contributions to recognised provident funds, approved superannuation funds, prescribed pension schemes and approved gratuity funds are allowable subject to prescribed recognition, approval, limits, Board specified conditions and timing rules; employer crediting of employee contributions by the statutory or contractual due date is deductible. Provisions for gratuity are generally nondeductible except where the specific proviso permits deduction for contributions or for gratuities becoming payable during the tax year, and if that proviso applies no further deduction is allowed on actual payments. Payments to create or contribute to institutions are deductible only as expressly provided or when required by law.
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