Notified Interest Rate on RPF fo A.Y. 2008-09
This query is : Resolved
Parikshit Menon
(Querist)
25 December 2007
Hi,
I would like to know wat is the Notified interest rate on Recognised Provident Fund balance? is it 9.5% or due to some Notification is it 8.5%? Taxmann (Singhania) says its 9.5%. Plz clarify! Interest credited in excess of wat % is exempt? Also,plz give me some site address or proof where i cn find this rate for my reference.
I would like to know wat is the Notified interest rate on Recognised Provident Fund balance? is it 9.5% or due to some Notification is it 8.5%? Taxmann (Singhania) says its 9.5%. Plz clarify! Interest credited in excess of wat % is exempt? Also,plz give me some site address or proof where i cn find this rate for my reference.
CA. Kirti S. Ganatra
(Expert)
25 December 2007
It is 8.5%
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