Employer contribution deduction limited to a prescribed portion of past-service salary and spread over multiple assessment years. The notification limits deductible employer contributions (excluding fixed annual contributions or contributions fixed by reference to salary, contributions or membership) by reference to the employee's past service salary reduced by employer provident fund contributions; a prescribed proportion of the amount paid in the previous year is deductible, and that deductible allowance is apportioned with one part allowed in the assessment year of payment and the balance spread equally over the next four assessment years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Employer contribution deduction limited to a prescribed portion of past-service salary and spread over multiple assessment years.
The notification limits deductible employer contributions (excluding fixed annual contributions or contributions fixed by reference to salary, contributions or membership) by reference to the employee's past service salary reduced by employer provident fund contributions; a prescribed proportion of the amount paid in the previous year is deductible, and that deductible allowance is apportioned with one part allowed in the assessment year of payment and the balance spread equally over the next four assessment years.
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