https://www.taxtmi.com/acts?id=53551 Exemption from tax applies when recognition of a provident fund is withdrawn. The employee's balance at the end of the financial year before withdrawal is paid free of tax, subject to paragraph 9 of Part A of Schedule XI to the Act, when the accumulated balance becomes payable. The remaining accumulated balance is taxable as if the fund had never been recognised, reflecting the tax consequence of withdrawal of recognition. en-us Fri, 20 Mar 2026 18:46:13 +0530 Wed, 08 Apr 2026 17:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53551 Exemption from tax applies when recognition of a provident fund is withdrawn. The employee's balance at the end of the financial year before withdrawal is paid free of tax, subject to paragraph 9 of Part A of Schedule XI to the Act, when the accumulated balance becomes payable. The remaining accumulated balance is taxable as if the fund had never been recognised, reflecting the tax consequence of withdrawal of recognition. Act-Rules Income Tax Fri, 20 Mar 2026 18:46:13 +0530 https://www.taxtmi.com/acts?id=53551