Income Tax Act, 1961
Sch. IV Part A Rule 10. DEDUCTION AT SOURCE OF TAX PAYABLE ON ACCUMULATED BALANCE.
The trustees of a recognised provident fund, or any person authorised by the regulations of the fund to make payment of accumulated balance due to employees, shall, in cases where sub-rule (1) of rule 9 applies, at the time an accumulated balance due to an employee is paid, deduct therefrom the amount payable under that rule and all the provisions of Chapter XVII-B shall apply as if the accumulated balance were income chargeable under the head “Salaries”.