https://www.taxtmi.com/forms?id=2615 Deduction rules for labour-law purposes prescribe the sums to be deducted from the capital, reserves, and related financial components of different classes of employers at the commencement of the accounting year. For a company other than a banking company, the deductible amounts comprise preference share dividends for the year, 8.5 per cent of paid-up equity share capital, and 6 per cent of reserves shown in the balance sheet, subject to a special formula for foreign companies based on net fixed assets and current assets in India after specified liabilities are excluded. Corporations, co-operative societies, and other employers are subject to separate deduction formulas based on paid-up capital, invested capital, reserves, and, for certain employers, additional deductible amounts such as annuity deposits, partner remuneration, or remuneration to an individual or Hindu undivided family. en-us Thu, 14 May 2026 10:20:00 +0530 Thu, 14 May 2026 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forms?id=2615 Deduction rules for labour-law purposes prescribe the sums to be deducted from the capital, reserves, and related financial components of different classes of employers at the commencement of the accounting year. For a company other than a banking company, the deductible amounts comprise preference share dividends for the year, 8.5 per cent of paid-up equity share capital, and 6 per cent of reserves shown in the balance sheet, subject to a special formula for foreign companies based on net fixed assets and current assets in India after specified liabilities are excluded. Corporations, co-operative societies, and other employers are subject to separate deduction formulas based on paid-up capital, invested capital, reserves, and, for certain employers, additional deductible amounts such as annuity deposits, partner remuneration, or remuneration to an individual or Hindu undivided family. Forms Labour laws Thu, 14 May 2026 10:20:00 +0530 https://www.taxtmi.com/forms?id=2615