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.
