(1) Medium, large enterprises or domestic or small enterprises with an annual turnover of more than fifteen million rupees must set aside at least one percent of the annual net profit in each financial year for the purpose of carrying out professional social responsibility.
(2) The amount allocated according to sub-section (1) shall be spent in the areas specified in the annual plan and program.
(3) According to sub-section (2), the industry shall submit the details of the programs completed in each financial year and the amount spent on such programs to the relevant industry registration body within six months of the end of the financial year.
(4) According to subsection (1), the amount set aside for professional social responsibility can be deducted for income tax purposes.