Post Office National Saving Certificate - Interest Rate, Tax Benefit, Features | Best Saving Schemes

Post Office National Saving Certificate - Interest Rate, Tax Benefit, Features | Best Saving Schemes

The National Savings Certificate (NSC) is a fixed income investment scheme that you can open with any post office branch. The scheme is a Government of India initiative. It is a savings bond that encourages subscribers – mainly small to mid-income investors – to invest while saving on income tax.

A fixed-income instrument like Public Provident Fund and Post Office FDs, this scheme too is a low-risk fixed-income product. You can buy it from the nearest post office in your name, for a minor or with another adult as a joint account. NSC comes with a fixed maturity period of five years. There is no maximum limit on the purchase of NSCs, but only investments of up to Rs.1.5 lakh can earn you a tax break under Section 80C of the Income Tax Act. The certificates earn a fixed interest, which is currently at a rate of 6.8% per annum. The interest rate is revised on a regular basis by the government.

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[educationwebinar]

NSC ke amount ka jo interest milega kya uska deduction section 80 TTA income tax mein le sakte hain

[simplehuman]

If we have not declared interest in first year and neither claimed it in 80C, can we start doing this from the 2nd year of nsc, that is declaring 2nd year interest and claiming in 80C and continue...?
Secondky my worry is suppose we declare each year like this but post office declares the lumpsum 5 yr interest in the last year in AIS/TIS sft section, then it would become double declaratiok for us? Because our int income in ITR should match AIS else if we show only 5th year interest then IT might send mismatch.
Pls guide and clarify both these points.
Note: my income is not in taxable bracket any year so no tax liability

[nibrasali]

If we purchase multiple Nsc per financial year, how does the maturity perido get impacted??

[atulpanday]

Jitne amount ki nsc krnge wo poora amount 150000 me subtract kr sakte hai??

[sushilmadan]

Tax save karne k liye kaun s month tak le sakte h

[pankajgolait]

Sir 5sal bad parmant close kr sakte kya

[safisp]

1. Kindly inform the eagerly watching viewers here in this vedio about Max NSC deposit possible without Tax payments or notice issues from ITD.
2. How the Sec80c I.T applicable on Max taxable income limit of last yr nsc interest income, if nsc is the only source of income?
3. Is 50 lakh deposit nsc maturity value shown here is a reality without tax deduction or Max limit 7 lakh interest income allowed without tax.?

[Kpt.]

Kitna percent interest pe tax lgta h bhaiya?