Employer's Contribution to PF & Superannuation - Section 36(1)(iv)

Employer contribution to provident funds: deduction allowed if contributions are to recognised funds and paid within prescribed timing rules.

Deduction under Section 36(1)(iv) is allowed for employer contributions to a recognised provident fund or approved superannuation fund, provided the fund is recognised and payment complies with Section 43B timing rules; late payments yield deduction in the year of payment. Prescribed rules impose contribution caps where employees have significant ownership/control and where employees receive low salaries, limiting aggregate employer and combined contributions in those circumstances.