Nsc interest taxable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 May 2012
Is interest on NSC taxable or not ?
if yes then how much interest is taxable?
suppose i invest rs 100000/- in NSC for 15 ( amt reinvested after every 5 years) years and i get around 325000/- after 15 years then how the taxable interest is calculated? Please clarify.
Thanks in advance
if yes then how much interest is taxable?
suppose i invest rs 100000/- in NSC for 15 ( amt reinvested after every 5 years) years and i get around 325000/- after 15 years then how the taxable interest is calculated? Please clarify.
Thanks in advance
24 May 2012
NSC interest is taxable on accrual basis, but it is also eligible for deduction u/s 80C.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2012
Thanks for replying.
Could you please tell me how much interest is taxable in the above question in the 15th year?
Could you please tell me how much interest is taxable in the above question in the 15th year?
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