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Thread: NSC/Income Tax Calculation query

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  1. #1
    PolicyWala NewBie
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    Quote Originally Posted by PolicyWala View Post
    Maturity period for NSC is 6 years that you can encash it after 6 years.
    For tax deductions under sec 80C, you need to deposit money in PPF, NSE, Life Insurance, ELSS etc in that financial year again.

    ok, means from 35000 nsc only i get one time tax benefit not every year upto maturity of that nsc?? is it correct

  2. #2
    Super Moderator PolicyWala's Avatar
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    Quote Originally Posted by amartlk View Post
    ok, means from 35000 nsc only i get one time tax benefit not every year upto maturity of that nsc? Is it correct
    You are correct.

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