Employer's annual contributions in a recognised provident fund – Deemed income of employee – Rate of interest reduced from 9.5% to 8.5% for the purpose of Rule 6(b) of Part A of the Fourth Schedule to the Income Tax Act, 1961

Employer's annual contributions in a recognised provident fund – Deemed income of employee – Rate of interest reduced from 9.5% to 8.5% for the purpose of Rule 6(b) of Part A of the Fourth Schedule to the Income Tax Act, 1961 https://www.taxtmi.com/notifications?id=23088 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. en-us Thu, 26 Aug 2010 00:00:00 +0530 Fri, 28 Jun 2019 11:12:00 +0530 TaxTMI RSS Generator Employer's annual contributions in a recognised provident fund – Deemed income of employee – Rate of interest reduced from 9.5% to 8.5% for the purpose of Rule 6(b) of Part A of the Fourth Schedule to the Income Tax Act, 1961 https://www.taxtmi.com/notifications?id=23088 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. Notifications Income Tax Thu, 26 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23088