https://www.taxtmi.com/acts?id=3913 Deduction for an initial contribution made by an employer in respect of the past services of an employee admitted to the benefits of an approved superannuation fund is subject to Board-specified conditions. The allowable deduction is capped at twenty-five per cent of salary for each year of past service, and after 21 September 1997 at twenty-seven per cent. The employer's contribution to any provident fund for the same employee and year is to be reduced in computing the limit. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 21 May 2026 12:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3913 Deduction for an initial contribution made by an employer in respect of the past services of an employee admitted to the benefits of an approved superannuation fund is subject to Board-specified conditions. The allowable deduction is capped at twenty-five per cent of salary for each year of past service, and after 21 September 1997 at twenty-seven per cent. The employer's contribution to any provident fund for the same employee and year is to be reduced in computing the limit. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3913