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Exempt of nsc interest u/s 10(15)

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(Querist)
03 January 2014 I want to know :- is interest on NSC exempt or taxable ? And which case it is exempt or taxable . And one more thing deduction related to investment in NSC u/s 80C.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
03 January 2014 Dear Deepak,

please read this article covering all the issues related to NSC. Yes the interest is taxable. How you may still not end up with higher taxability is explained in the article:

https://taxguru.in/income-tax/nsc-tax-benefit.html
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
04 January 2014 Int on NSC is taxable under income from other sources.
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