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NSC investment interest

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Sanjeet

Assistant

155 Points Posted on 25 July 2022

Dear Sir,

we have invested Rs.50000 in NSC on 29 January 2022 And maturity value Rs.69475/-date 29 January 2027. But Principal amount and interst up to March 2022. yet not reflect in AIS form.
(1) Can we need to show interest up to March 22 in ITR or show all interest Rs.19475/- maturity time.
(2) If yes how much interest up to March show in ITR.
(3) In ITR which cloum show interest from NSC. It includes in saving bank interest or add one colum and show the same
please suggest Sir,

Replies (2)

Quick Summary

This discussion clarifies how to report interest earned on National Savings Certificates (NSC) for your Income Tax Return (ITR). It explains that interest accrued up to March 2022 needs to be declared in your ITR for that financial year, not just the full maturity amount. The advice provided suggests calculating this interest (approximately Rs. 578 for 62 days at 6.8%) and reporting it in a separate column in your ITR, rather than including it with savings bank interest.

Guest

1)Yes, You are require to show Interest in March 22 ITR
2) Interest Rs.578 for 62days @ 6.8%
3) No, Not in Saving Bank Interest, Add a Column.