Income from salary

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 September 2011 Sir,
what is the maximum rate of interest not taxable in employee hands in case of RPF - whether 8.5% or 9.5%

26 September 2011 It is 9.5%.

26 September 2011 CBDT notification 24/2011 dated 13/05/2011 says 9.5% as the interest rate on RPF, the interest in excess of which would be taxable as salary.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 September 2011 thank u for resolving my query


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query