Does interest on interest go in to the Taxable contribution account of EPF

Pradeep (SW Engg) (40 Points)

22 March 2023  

as per the amendment in Budget 2021, Taxable contribution account shall be the aggregate of the following, namely:-
(i) contribution made by the person in a previous year in the account during the previous year
2021-2022 and subsequent previous years, which is in excess of the threshold limit; and
(ii) interest accrued on sub- clause (i)

I understand that the interest from Taxable Contribution account is taxable

But what about the interest on (ii) above in subsequent financial years ? Will that also be included in the Taxable Contribution Account ?