INTEREST ON RPF

what is the rate of interest to be credited to the accumulated balane of recognised pf???? is it 9.5% or 8.5% as per the amendments applicable for may 2011 exams????
Replies (3)

Dear,

9.5% int rate is applicable for Financial year 2010-11 only and in exams notification issued before 6 months are applicable but updated information always gives you an added advantage.

If an assess get Rs. 15000 @ 15%pa , then how will we compute ?

The Notification Says : 9.5% till 31.08.2011 and 8.5% for the rest period.

This is mentioned in Practice manual of IPCC - applcble for Nov 2011.But , they have not given the break up.

Solve Question with 8.5% and write down the note with the assumption that it is assumed the interest credited will be on 31st March

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