Is there any deduction/exemtion/rebate in respect of interest from NSC?
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Interest income from nsc (national saving certificate)
Replies (5)
Under
Chapter 6a deductions
Actually the amount of interest accrued on NSC every year is shown as income from other sources for the first five years.....and you can claim the interst so earned every year as deduction u/s 80c as amount reinvested.
it is subject to maximum Rs.150000 for AY 2015-16
Yes it is subject to maximum Rs 150000 for AY 2015-16. It is include Under sec 80 C exemption limit.
yes interest on nsc deduction u/s 80 c subject to 150 lac less then and last six year interest on nsc taxable.
Thanks & Regards
Ramanuj
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