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taxability of interest credited to RPF

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(Querist)
04 February 2009 For FY 2008-09 :
what is the taxability of interest credited to the RPF account. Is it the amount in excess of 8.5% or 9.5%.
Rate as per T.N. Manoharan's material - 8.5%
Rate as per ICAI Study material - 9.5%
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CA R N Mohil

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CA R N Mohil (Expert)
04 February 2009 Interest credited to the recognised provident fund (RPF )account in excess of @ 8.5 % is taxable
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Sowmiya Nachi

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Sowmiya Nachi (Querist)
04 February 2009 Thank You!
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CA R N Mohil

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CA R N Mohil (Expert)
04 February 2009 This is notified rate. you can refer to Ministry of Labour & Employment letter No. R-11018/01/03-SS.II(pt) dated 10.01.2006.
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Sowmiya Nachi

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Sowmiya Nachi (Querist)
05 February 2009 Thank you once again!

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