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NSC INTEREST

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(Querist)
06 June 2011 NSC Investment-5000
NSC Interest amount calculated-558

what is the tax treatement

interest taxable at other source-558
80c deduction will be 5000 or 5558
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 June 2011 Interest taxable under 'income from other sources'.
Interest ,other than for the year of maturity,is eligible for deduction under section 80C.
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