Tax on accumulated balance of recognised provident fund
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Where the accumulated balance due to an employee participating in a recognised provident fund is included in his total income, owing to the provisions of paragraph 8 of Part A of Schedule XI not being applicable, the Assessing Officer shall calculate the total of the various sums of tax as per the provisions of paragraph 9 thereof.