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        Case ID :
        Income Tax

        Post Office (Monthly Income Account) Amendment Rules, 2017 - G.S.R. 384(E) - Income Tax Act, 1961

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        Post Office Monthly Income Account: deposits from 1 April 2017 earn 7.6% per annum, under the 2017 amendment. The Post Office (Monthly Income Account) Amendment Rules, 2017, made under section 15 of the Government Savings Banks Act, 1873, take effect from 1 April 2017 and insert clause (o) in rule 8(1) prescribing the interest to be applied to deposits made on or after the effective date.
                      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 1 April 2017 earn 7.6% per annum, under the 2017 amendment.

                            The Post Office (Monthly Income Account) Amendment Rules, 2017, made under section 15 of the Government Savings Banks Act, 1873, take effect from 1 April 2017 and insert clause (o) in rule 8(1) prescribing the interest to be applied to deposits made on or after the effective date.


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