NSC INTEREST

This query is : Resolved 

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

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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