Deemed income for employer provident contributions adjusted, lowering the prescribed interest rate and altering tax computation from the notified date. Prescribes the interest rate for computing deemed income on employer annual contributions to a recognised provident fund under the Fourth Schedule to the Income-tax Act. The Central Government, under powers conferred by the relevant rule of Part A of the Fourth Schedule, supersedes the prior notification and fixes a lower prescribed rate to be applied for calculating taxable deemed income from employer contributions, effective from the notified date.