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Wednesday, November 7, 2012

How to save tax by investing in National Savings Certificate (NSC)?

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NSC is a good medium term investment option. An advantage of the NSC is that it can be pledged as security against a loan to banks/ government institutions.

The minimum investment starts from Rs 100 and there is no maximum limit for the investment in a year.

 

Return (p.a.)

8.0% compounded half-yearly, i.e., the effective annual rate of interest is 8.16%.

Risk

NIL

Lock In

6 years

Income from Investment

·         Interest accrued every year is liable to tax (i.e., to be included in your taxable income).

·         However, interest is also deemed to be reinvested and thus eligible for section 80C deduction.

Maturity Proceeds

It includes interest which is already taxed

NRI/PIO eligible

No

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Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications
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