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 - 69/2010 - Income Tax

Superseded vide NOTIFICATION NO. 24/2011 DATED 13-5-2011 Employer s annual contributions in a recognised provident fund Deemed income of employee Rate of interest reduced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 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. - 69/2010 New Delhi , the 26th August, 2010 In exercise of the powers conferred by clause (b) of rule 6 of Part A of the Fourth Schedule to the Income-tax Act, 1961 (43 of 1961) , and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 484(E), dated the 30th May, 2001 , the Central Government hereby fixes, with effect from the 1st day of September, 2010, 8.5 per cent., as the rate referred to in the said clause. F.No.142/14/2010-SO(TPL) (Vivek Anand Ojha) Under Secretary to the Government of India