https://www.taxtmi.com/acts?id=12514 Companies are prohibited from paying officers or employees compensation free of income tax or otherwise calculated by reference to the tax payable by the recipient, including gross-up schemes; "tax" includes income tax and super-tax. Pre-existing provisions in force at commencement remain effective only for the remainder of the incumbent's term but must be treated as a gross sum subject to tax so that the net specified amount is produced after tax. The section excludes remuneration due before commencement and remuneration due after commencement for periods before commencement. en-us Tue, 10 May 2011 16:39:44 +0530 Tue, 10 May 2011 16:42:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12514 Companies are prohibited from paying officers or employees compensation free of income tax or otherwise calculated by reference to the tax payable by the recipient, including gross-up schemes; "tax" includes income tax and super-tax. Pre-existing provisions in force at commencement remain effective only for the remainder of the incumbent's term but must be treated as a gross sum subject to tax so that the net specified amount is produced after tax. The section excludes remuneration due before commencement and remuneration due after commencement for periods before commencement. Act-Rules Companies Law Tue, 10 May 2011 16:39:44 +0530 https://www.taxtmi.com/acts?id=12514