Section – 110 Determination of tax where total income includes income on which no tax is payable
March 1, 2018
Section – 111A : Tax on short-term capital gains in certain cases
March 1, 2018

Section – 111 : Tax on accumulated balance of recognised provident fund

111. (1) Where the accumulated balance due to an employee parti- cipating 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 Assessing Officer shall calculate the total of the various sums of 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.

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