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        Case ID :
        Income Tax

        Post Office (Monthly Income Account) (Amendment) Rules, 1988 - G.S.R. 805(E) - Income Tax Act, 1961

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        Post Office Monthly Income Account amendments increase investment limits to two lakhs and four lakhs. Amends the Post Office (Monthly Income Account) Rules, 1987 by substituting monetary thresholds in Rule 5(1): the lower ceiling is increased from one lakh to two lakhs and the next threshold from two lakhs to four lakhs; made under section 15 of the Government Savings Bank Act and effective on publication in the Official Gazette.
                      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.

                            Post Office Monthly Income Account amendments increase investment limits to two lakhs and four lakhs.

                            Amends the Post Office (Monthly Income Account) Rules, 1987 by substituting monetary thresholds in Rule 5(1): the lower ceiling is increased from one lakh to two lakhs and the next threshold from two lakhs to four lakhs; made under section 15 of the Government Savings Bank Act and effective on publication in the Official Gazette.


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