https://www.taxtmi.com/circulars?id=4589 Interest credited to an employee's account in a recognised provident fund is exempt from income tax subject to the ceiling of one third of salary or the rate prescribed by the Central Government under the Fourth Schedule. Notifications increasing the prescribed rate operate prospectively; exemption at an enhanced prescribed rate applies only to interest amounts credited to individual accounts on or after the notification's effective date. en-us Fri, 16 Jan 1976 00:00:00 +0530 Thu, 31 Jul 2008 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4589 Interest credited to an employee's account in a recognised provident fund is exempt from income tax subject to the ceiling of one third of salary or the rate prescribed by the Central Government under the Fourth Schedule. Notifications increasing the prescribed rate operate prospectively; exemption at an enhanced prescribed rate applies only to interest amounts credited to individual accounts on or after the notification's effective date. Circulars Income Tax Fri, 16 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4589