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of <h1>Provident Fund Tax Exemption Clarified: Retrospective Calculation Mechanism Updated Under Clause 191 of Income Tax Bill 2025</h1> The text analyzes the tax treatment of accumulated balances in recognized provident funds under Clause 191 of the Income Tax Bill, 2025, comparing it with Section 111 of the Income-tax Act, 1961. The provision addresses taxation when exemption conditions are not met, ensuring fair tax treatment for employee retirement savings. The analysis reveals substantial continuity in legal principles, with minor structural updates and terminology changes, maintaining the core mechanism of retrospective tax calculation for provident fund withdrawals.
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