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        Case ID :
        Income Tax

        Post Office (Monthly Income Account) (Amendment) Rules, 1993 - G.S.R. 390(E) - Income Tax Act, 1961

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        Post Office Monthly Income Account: aggregate deposit caps set at Rs 204,000 single and Rs 408,000 joint; deposits in multiples of Rs 6,000. Depositors may open multiple Monthly Income Accounts provided aggregate deposits do not exceed Rs 2,04,000 for single accounts and Rs 4,08,000 for joint accounts. Each account shall contain a single deposit of Rs 6,000 or integral multiples thereof, subject to the stated aggregate ceilings.
                      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: aggregate deposit caps set at Rs 204,000 single and Rs 408,000 joint; deposits in multiples of Rs 6,000.

                            Depositors may open multiple Monthly Income Accounts provided aggregate deposits do not exceed Rs 2,04,000 for single accounts and Rs 4,08,000 for joint accounts. Each account shall contain a single deposit of Rs 6,000 or integral multiples thereof, subject to the stated aggregate ceilings.


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