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Taxability of NSC interest on maturity

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(Querist)
11 July 2020 In case of 5 year NSC, whether interest earned during the entire tenure of NSC is liable to income tax on maturity or only the 5th year interest taxable on maturity. Please clarify.
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PAWAN KUMAR

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PAWAN KUMAR (Expert)
12 July 2020 Only 5th year interest is taxable in the hands of subscriber.
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cox769

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cox769 (Querist)
20 July 2020 Thank you very much.




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