Tax on accumulated
balance of recognised provident fund.
111. (1) Where the accumulated balance due to an employee participating in a
recognised provident fund is included in his total income, owing to the provisions of rule
8 of Part A of the Fourth Schedule not being applicable, the
61[Assessing]
Officer shall
calculate the total of the various sums of
62[tax]
in accordance with the provisions of sub-rule (1) of rule 9 thereof.
(2) Where the
accumulated balance due to an employee participating in a recognised
provident fund which is not included in his total income under the provisions of rule 8 of
Part A of the Fourth Schedule becomes payable, super-tax shall be calculated in the
manner provided in sub-rule (2) of rule 9 thereof.