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        Case ID :
        Income Tax

        National Savings Scheme (Amendment) Rules, 2002 - G.S.R. 162(E) - Income Tax

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        National Savings Scheme: interest set at 9% for Mar 2001-Feb 2002; reduced to 8.5% from 1 March 2002. The amendment prescribes that for 1 March 2001 to before 1 March 2002 interest is nine per cent per annum, allowed monthly on the lowest balance between the close of the tenth day and month-end and credited annually; from 1 March 2002 the same monthly calculation applies but at eight-and-a-half per cent per annum.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>National Savings Scheme: interest set at 9% for Mar 2001-Feb 2002; reduced to 8.5% from 1 March 2002.</h1> The amendment prescribes that for 1 March 2001 to before 1 March 2002 interest is nine per cent per annum, allowed monthly on the lowest balance between the close of the tenth day and month-end and credited annually; from 1 March 2002 the same monthly calculation applies but at eight-and-a-half per cent per annum.

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