Income deemed to be received: provident fund accretions, transferred balances and employer pension contributions treated as taxable receipts. Income is deemed received when: annual accretion to an employee's balance in a recognised provident fund under the applicable schedule rule; transferred ... Summary
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Income deemed to be received: provident fund accretions, transferred balances and employer pension contributions treated as taxable receipts.
Income is deemed received when: annual accretion to an employee's balance in a recognised provident fund under the applicable schedule rule; transferred balances in a recognised provident fund under the applicable schedule sub rule; and contributions by the Central Government or any other employer to an employee's account under a pension scheme referred to in the income tax provisions.
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