Recognised Provident Fund
This query is : Resolved
11 April 2009
Hi
Could you please tell me the
Interest on balance in the provident fund account credited in excess of "8.5% is salary" or "9.5% is salary" ?
for the purpose of computing income under the head salaries
Could you please tell me the
Interest on balance in the provident fund account credited in excess of "8.5% is salary" or "9.5% is salary" ?
for the purpose of computing income under the head salaries
12 April 2009
when was this amended from 9.5 to 8.5 which assessment year... please also give me some reference
12 April 2009
As per law, still interest in excess of 9.5% is treated as a part of income and below 9.5% is not a part of taxable income at all..
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