Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds – Notified Rate of Interest on such deposits

Posted: 30/03/2012 in Income Tax, Notifications

Notification No.5(4)-B(PD)/2011, dated 13-3-2012

It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No. F. 16(1)-PD/75, dated 30th June, 1975, shall with effect from 1st December, 2011 and until further orders, bear interest at 8.6% (eight point six per cent) per annum.

Source: Income Tax Department- India.

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