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Taxability on maturity
Maturity amount on NSC and PPF Whether Principal and interest amount received is taxable at the time of maturity ?
Replies (2)
In ppf all exempt
in nsc interest taxable
Agree with Manisha
Tax bracket for PPF is EEE (i.e. Exempt, Exempt, Exempt). So contribution is exempted under 80C, Interest earned is tax exempted and withdrawal is also tax exempted.
Interest on NSC is only taxable and not the whole maturity amount.
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