10 December 2010
Interest on Post Office monthly savings deposit Taxable or not? If Taxable whether any deduction is available? NSC Interest Taxable and Deduction u/s 80C availble or not?
10 December 2010
1) Interest on post office deposits are taxable other than interest on S.B and PPF. 2) NSC interest is taxable and 80C benefit can be availed except for the interest of the last (maturity) year.