Tax on accumulated provident fund balance requires Assessing Officer to compute and aggregate specified taxable sums under Schedule rules. Taxation applies to the accumulated balance of a recognised provident fund when that balance is included in an employee's total income because the exemption provision in Part A of Schedule XI does not apply; the Assessing Officer must compute and aggregate the specific taxable sums identified under the Schedule to determine the tax liability.
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Provisions expressly mentioned in the judgment/order text.
Tax on accumulated provident fund balance requires Assessing Officer to compute and aggregate specified taxable sums under Schedule rules.
Taxation applies to the accumulated balance of a recognised provident fund when that balance is included in an employee's total income because the exemption provision in Part A of Schedule XI does not apply; the Assessing Officer must compute and aggregate the specific taxable sums identified under the Schedule to determine the tax liability.
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