RULE 326 INCOME-TAX RULES 2026 Arrangements for winding up of the fund. 326. Any arrangements for the winding up of the fund or for its amalgamation with another fund shall be subject to the prior approval of, and to such conditions as may be imposed by, the approving authority.
RULE 325 INCOME-TAX RULES 2026 Arrangements for winding up, etc., of business. 325. Where the trade or undertaking of the employer is to be wound up or discontinued, the trustees shall, with the prior approval of, and subject to such conditions as may be imposed by, approving authority, make satisfactory arrangements for the payment of gratuity… Read More »
RULE 324 INCOME-TAX RULES 2026 Employer not to have interest in fund moneys. 324. No money belonging to the fund shall be receivable by the employer under any circumstances nor shall the employer have any lien or charge on the fund.
RULE 323 INCOME-TAX RULES 2026 Assigning or creating a charge on beneficial interest in a gratuity fund. 323. If an employee assigns or creates a charge upon his beneficial interest in a gratuity fund, the Assessing Officer shall give notice to the employee that if he does not secure the cancellation of the assignment or charge… Read More »
RULE 322 INCOME-TAX RULES 2026 Initial contributions. 322. The amount to be allowed as a deduction on account of an initial contribution, which an employer may make in respect of the past services of an employee admitted to the benefits of a fund, shall not exceed 8⅓% of the salary of the employee for each year… Read More »
RULE 321 INCOME-TAX RULES 2026 Ordinary annual contributions. 321. The ordinary annual contribution by the employer to a fund shall be made on a reasonable basis, as may be approved by the approving authority, having regard to the length of service of each employee concerned, but such contribution shall not exceed 8⅓% of the salary of… Read More »
RULE 320 INCOME-TAX RULES 2026 Admission of directors to a fund. 320. Where the employer is a company as defined in section 2(20) of the Companies Act, 2013 (18 of 2013), a director of the company may be admitted to the benefits of the fund only if he is a whole time bona fide employee of the company… Read More »
RULE 319 INCOME-TAX RULES 2026 Nomination. 319. (1) An employee may be allowed by the trustees of the gratuity fund to make a nomination in Form 184 or in a form as near thereto as may be necessary conferring on one or more persons, the right to receive the amount of gratuity in the event of… Read More »
RULE 318 INCOME-TAX RULES 2026 Investment of fund moneys. 318. (1) All moneys contributed to the fund or received or accrued by way of interest, or otherwise, may be— (a) deposited in a Post Office Savings Bank Account in India; or (b) deposited in a current account or in a savings account with any scheduled bank;… Read More »
RULE 317 INCOME-TAX RULES 2026 Conditions regarding trust and trustees. 317. (1) The fund and the trust shall be established in India. (2) The trust shall have at least two trustees provided that a company as defined in section 2(20) of the Companies Act, 2013 (18 of 2013) shall not be appointed as a trustee without… Read More »