Rate of interest for employees' provident fund prescribed by government, setting a statutory rate effective prospectively. The Central Government, under clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, fixes 9.5 per cent. as the rate of interest for employee provident fund purposes, superseding the prior notification and applying with effect from 1 September 2010.
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Rate of interest for employees' provident fund prescribed by government, setting a statutory rate effective prospectively.
The Central Government, under clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961, fixes 9.5 per cent. as the rate of interest for employee provident fund purposes, superseding the prior notification and applying with effect from 1 September 2010.
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