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        Case ID :
        Income Tax

        Post Office (Monthly Income Account) Amendment Rules, 2000 - G.S.R. 45(E) - Income Tax Act, 1961

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        Post Office Monthly Income Account: deposits from 15 Jan 2000 bear 11% annual interest rate. The amendment inserts into rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 that deposits made on or after 15 January 2000 shall bear interest at 11 per cent per annum, placed immediately after the existing provision regarding deposits made on or after 1 January 1999 which specified 12 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.

                            Post Office Monthly Income Account: deposits from 15 Jan 2000 bear 11% annual interest rate.

                            The amendment inserts into rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 that deposits made on or after 15 January 2000 shall bear interest at 11 per cent per annum, placed immediately after the existing provision regarding deposits made on or after 1 January 1999 which specified 12 per cent per annum.


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