Is interest earned on NSC taxable?

POSTED BY swapnil.kendhe100 ON February 8, 2014 9:59 am COMMENTS (2)

I 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

2 replies on this article “Is interest earned on NSC taxable?”

  1. swapnil.kendhe100 says:
    February 10, 2014 at 6:56 am

    Thank you Ashal.

    Swapnil

    Reply
  2. ashalanshu says:
    February 9, 2014 at 5:23 am

    Dear Swapnil, no matter you claim tax benefit or not, the interest from NSC is always taxable.

    Thanks

    Ashal

    Reply

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