Income Tax Act 2023
Section 2 Clause 5 - Approved Provident Fund
(as updated till Finance Act 2024)
“approved gratuity fund” means a gratuity fund approved by the 1[Commissioner of Taxes] under the provisions of Part 2 of the Second Schedule;
1 The words “Commissioner of Taxes” were substituted for the word “Board” by section 15(a) of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.