58. Restrictions as respects contribution, etc., by the employers

58. Restrictions as respects contribution, etc., by the employers.—

(1) For the purpose of paragraph 3(c) proviso (i) of Part B of the First Schedule to the Ordinance, the employer’s aggregate contribution in any year, including the normal contribution to the individual account of any one employee whose salary does not exceed five hundred taka per menses shall not exceed double the amount of the contribution of the employee in that year.

(2) The amount of the periodical bonuses and other contributions of a con­tingent nature which may be credited by an employer in any year under para­graph 3(c) proviso (ii) of Part B of the First Schedule to the Ordinance to the individual account of an employee shall not exceed the amount of the contri­bution of the employee in that year.

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