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Rule 321 of Income Tax Rules - Ordinary annual contributions.

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Last Updated: 01-04-2026

321. Ordinary annual contributions.[i]

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 8 1 3 % of the salary of each employee during each year.

 

[i] This Rule was inserted by N No. 22/2026 dt. 20-03-2026 wef 01-04-2026.