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        Case ID :
        Income Tax

        Post Office (Monthly Income Account) Amendment Rules, 2017 - G.S.R. 858(E) - Income Tax Act, 1961

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        Post Office Monthly Income Account: 7.5% annual interest for deposits from 1 July 2017 onwards. The rules amend the Post Office (Monthly Income Account) Rules, 1987 by inserting clause (p) in rule 8(1) to prescribe an interest rate of 7.5 per cent per annum for deposits made on or after 1 July 2017; the amendment is deemed to have come into force on 1 July 2017.
                      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: 7.5% annual interest for deposits from 1 July 2017 onwards.

                            The rules amend the Post Office (Monthly Income Account) Rules, 1987 by inserting clause (p) in rule 8(1) to prescribe an interest rate of 7.5 per cent per annum for deposits made on or after 1 July 2017; the amendment is deemed to have come into force on 1 July 2017.


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