Calculation of taxable interest relating to contribution in a provident fund or recognised provident fund, exceeding specified limit

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Full Text of the Document

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....Nos. 3 and 4. C] to the Act shall be computed as the interest accrued in the taxable contribution account during the tax year. (2) For the purpose of calculation of taxable interest under sub-rule (1), separate accounts within the provident fund account shall be maintained during the tax year 2021-2022 and all subsequent tax years for taxable contribution and non-taxable contribution made by a ....