POSTED BY February 8, 2014 9:59 am COMMENTS (2)
ONI read regarding NSC that if deduction is claimed under section 80C for NSC then interest is tax-free but otherwise it is not.
Isn’t interest earned on NSC tax-free like PPF?
Sincerely,
Swapnil
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Thank you Ashal.
Swapnil
Dear Swapnil, no matter you claim tax benefit or not, the interest from NSC is always taxable.
Thanks
Ashal