nsc

Deduction under section 80C and Tax Planning

Income Tax - Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of prov...

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All about NSC and Tax Benefit

Income Tax - Deposits up to Rs.1.50 lakh in National Savings Certificate (NSC) qualify for Deduction Section 80C of the Income Tax Act. Accrued interest on NSC also qualify for deduction u/s. for first five years. NSC interest is taxable. ...

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Section 80C deduction on Joint Holding of National Saving Certificate

Income Tax - Sec 80C of Income Tax Act, 1961 allows deductions on National Saving Certificate Investment Maximum Limit allowed is Rs 150000/- per Financial Year...

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Investments which qualifies for deduction u/s. 80C

Income Tax - Under this section, you can invest a maximum of Rs 1.50 lakh (1 Lakh upto AY 2014-15) and if you are in the highest tax bracket of 30%, you save a tax of Rs 45000. The various investment options under this section include:PPF; Life Insurance Premium, Equity Linked Savings Scheme (ELSS), Provident Fund (PF) & Voluntary Provident Fund (VPF)...

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Versatile Investment Avenue-NSC

Income Tax - This is taxing time of the year. All of us have to make good the shortfall in the investment required to be made for availing the tax benefits available for investments. Since the equity are very volatile and since the time left is very short a lump sum investment is not advisable in Equity Linked Saving Schemes. ...

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Reduction of 0.1% in interest rates on Small Saving schemes

Income Tax - Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched....

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Interest Rates on Small Savings Schemes w.e.f. 01.07.2016 to 30.9.2016

Income Tax - On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: ...

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Revised interest rate of PPF, SCSC, Sukanya Samridhi,NSC

Income Tax - Central Government has notified revised Interest Rate for the perios from 01.04.2016 to 30.03.2016 on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. Rates on all schemes been reduced significantly in comparison to existing rate....

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Rate of Interest WEF 01.04.2015 on NSC, PPF, KVP, Sukanya Samriddhi A/c

Income Tax - Office Memorandum (OM) No.6/01/2011-NS.II dated March 31, 2015 Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from Tomorrow          It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities ...

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Interest Rate on NSC MIS MIS SCSS POTD WEF 01.04.2013

Income Tax - Rate of interest on various small savings schemes for the financial year 2013-14 effective from 1-4-2013, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :...

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National Savings Time Deposit (Amendment) Rules, 2017

These rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred...

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National Savings (Monthly Income Account) Rules, 2017

Notification No. G.S.R. 1239(E) - (03/10/2017) - In the National Savings (Monthly Income Account) Rules, 1987, in rule 5, in sub-rule 1, for the words one thousand five hundred, the words one hundred shall be substituted....

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NSC shall be deemed to be encashed on the day of attaining Non-Resident Status

Notification No. G.S.R. 1238(E) - (03/10/2017) - Provided that if a resident Indian having purchased a certificate, subsequently becomes Non-Resident during the currency of the maturity period, the certificate shall be encashed or deemed to be encashed be encashed on the day he becomes a non-Resident, and ab interest shall be paid at the rate appl...

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Aadhaar mandatory for NSC; Existing depositors to updates by 31.12.2017

Notification No. G.S.R. 1244(E) - (29/09/2017) - Aadhaar number shall be the unique identifier for the purpose of establishing the identity of National Savings Certificate (NSC) holder. Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrollment for Aadhaar....

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Interest rate of PPF, SCSC, Sukanya Samridhi, NSC wef 01.01.2017

F.No. 1/04/2016-NS.II - (30/12/2016) - interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,...

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Recent Posts in "nsc"

Deduction under section 80C and Tax Planning

Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of prov...

Read More
Posted Under: Finance | ,

National Savings Time Deposit (Amendment) Rules, 2017

These rules may be called the National Savings Time Deposit (Amendment) Rules, 2017. They shall come into force on the date of their publication in the Official Gazette. In the National Savings Time Deposit Rules, 1981, in rule 5, in sub-rule (1), for the words two hundred, the words “one hundred” shall be substituted....

Read More

National Savings (Monthly Income Account) Rules, 2017

Notification No. G.S.R. 1239(E) (03/10/2017)

In the National Savings (Monthly Income Account) Rules, 1987, in rule 5, in sub-rule 1, for the words one thousand five hundred, the words one hundred shall be substituted....

Read More

NSC shall be deemed to be encashed on the day of attaining Non-Resident Status

Notification No. G.S.R. 1238(E) (03/10/2017)

Provided that if a resident Indian having purchased a certificate, subsequently becomes Non-Resident during the currency of the maturity period, the certificate shall be encashed or deemed to be encashed be encashed on the day he becomes a non-Resident, and ab interest shall be paid at the rate applicable to the Post Office Savings Accoun...

Read More

Aadhaar mandatory for NSC; Existing depositors to updates by 31.12.2017

Notification No. G.S.R. 1244(E) (29/09/2017)

Aadhaar number shall be the unique identifier for the purpose of establishing the identity of National Savings Certificate (NSC) holder. Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrollment for Aadhaar....

Read More

Reduction of 0.1% in interest rates on Small Saving schemes

Government has decided to effect a reduction of 0.1 percentage points in interest rates across the board in all Small Savings Schemes except the Post Office Savings Account, which has been left untouched....

Read More
Posted Under: Finance |

Interest rate of PPF, SCSC, Sukanya Samridhi, NSC wef 01.01.2017

F.No. 1/04/2016-NS.II (30/12/2016)

interest on various small savings schemes for the fourth quarter of financial year 2016-17 starting on 1st January, 2017 and ending on 31st March,2017,...

Read More

All about NSC and Tax Benefit

Deposits up to Rs.1.50 lakh in National Savings Certificate (NSC) qualify for Deduction Section 80C of the Income Tax Act. Accrued interest on NSC also qualify for deduction u/s. for first five years. NSC interest is taxable. ...

Read More
Posted Under: Finance | ,

Section 80C deduction on Joint Holding of National Saving Certificate

Sec 80C of Income Tax Act, 1961 allows deductions on National Saving Certificate Investment Maximum Limit allowed is Rs 150000/- per Financial Year...

Read More
Posted Under: Finance |

Interest Rates on Small Savings Schemes w.e.f. 01.07.2016 to 30.9.2016

On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the second quarter of financial year 2016-17, on the basis of the interest compounding/payment built-in in the schemes, shall be as under: ...

Read More
Posted Under: Finance |
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