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 ?