RULE 305 INCOME-TAX RULES 2026 Ordinary annual contributions.

By | April 4, 2026

RULE 305 INCOME-TAX RULES 2026

Ordinary annual contributions.

305. The yearly contribution of the employer to a fund for each employee shall not exceed 27% of their salary for each year as reduced by any contributions the employer made to a provident fund for the same employee during that year, whether recognised or not.