taxability of interest credited to RPF
This query is : Resolved
Sowmiya Nachi
(Querist)
04 February 2009
For FY 2008-09 :
what is the taxability of interest credited to the RPF account. Is it the amount in excess of 8.5% or 9.5%.
Rate as per T.N. Manoharan's material - 8.5%
Rate as per ICAI Study material - 9.5%
what is the taxability of interest credited to the RPF account. Is it the amount in excess of 8.5% or 9.5%.
Rate as per T.N. Manoharan's material - 8.5%
Rate as per ICAI Study material - 9.5%
CA R N Mohil
(Expert)
04 February 2009
Interest credited to the recognised provident fund (RPF )account in excess of @ 8.5 % is taxable
Sowmiya Nachi
(Querist)
04 February 2009
Thank You!
Where can this be verified?
Where can this be verified?
CA R N Mohil
(Expert)
04 February 2009
This is notified rate. you can refer to Ministry of Labour & Employment letter No. R-11018/01/03-SS.II(pt) dated 10.01.2006.
Sowmiya Nachi
(Querist)
05 February 2009
Thank you once again!
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