interest rate for 7th schedule to the income tax act
19 March 2007

The Minister of Finance fixed the official rate of interest in paragraph 1 of the Seventh Schedule to the Income Tax Act, 1962

(Benefits or advantages derived by reason of employment or the holding of any office) at 10 per cent per year with effect from 1 March 2007.

Government Gazette 296683, 1 March 2007