rule 321
Ordinary annual contributions
Income-tax Rules, 2026Tax2026335 rules
Statutory text
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 each employee during each year.
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