Deemed receipt of income fixes tax year recognition for provident fund, pension contributions, and dividend income. Income is treated as deemed to be received in the tax year where it consists of annual accretion to the credit of an employee in a recognised provident fund, transferred balance in a recognised provident fund, or the Central Government's or employer's contribution to an employee's pension scheme account. Dividend is included in total income on a deemed basis for the tax year in which it is declared, distributed, or paid, and interim dividend when the amount is unconditionally made available to the entitled member.