Section 111
Tax on accumulated balance of recognised provident fund. Repealed
About this Act
An Act to consolidate and amend the law relating to income-tax and super-tax
(1) 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 rule 8 of Part A of the Fourth Schedule not being applicable, the 1
Assessing
Officer shall calculate the total of the various sums of 2
tax in accordance with the provisions of
sub-rule (1) of rule 9 thereof.
(2) Where the accumulated balance due to an employee participating in a recognised provident fund which is not included in his total income under the provisions of rule 8 of Part A of the Fourth Schedule becomes payable, super-tax shall be calculated in the manner provided in sub-rule (2) of rule 9 thereof.
(2) Where the accumulated balance due to an employee participating in a recognised provident fund which is not included in his total income under the provisions of rule 8 of Part A of the Fourth Schedule becomes payable, super-tax shall be calculated in the manner provided in sub-rule (2) of rule 9 thereof.
Notes
1. Subs. by Act 4 of 1988, s. 2, for “Income-tax Officer” (w.e.f. 1-4-1988).
2. Subs. by Act 10 of 1965, s. 33, for “income-tax and super-tax” (w.e.f. 1-4-1965).
2. Subs. by Act 10 of 1965, s. 33, for “income-tax and super-tax” (w.e.f. 1-4-1965).