Clause 6 - Income deemed to be received in the financial year. - Direct Taxes Code, 2010

Income deemed to be received in the financial year. 6. The following income shall be deemed to be received in the financial year, namely:— (a) any contribution made by an employer, in the financial year, to the account of an employee under a pension fund; (b) any contribution made by an employer, in the financial year, to the account of an employee in any other fund; (c) the annual accretion, in the financial year, to the balance at the credit of any employee in a fund referred to in clause (b) to the extent it exceeds the limit as may be prescribed.