NSS Encashment
This query is : Resolved
19 December 2009
Whetther amt recd on encashment of NSS is chargeable to Tax
19 December 2009
Yes
21 December 2009
Income tax is not payable on the interest earned every year, but the amount that you withdraw (principal + interest) has to be added to your income of that year for computing Income tax.
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