Need A Financial Product Forums Tax Savings Is interest from NSC tax free when claimed under 80C

This topic contains 1 reply, has 2 voices, and was last updated by  Surendra Kumar 3 years, 5 months ago.

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    Someone was telling me that if I invest in NSC and claim it for deduction under section 80 C then only the interest on NSC will be tax free otherwise I need to pay tax on interest income from NSC. Is this person correct?


    No, this person is not at all correct. No matter, whether you have invested in NSC to claim it as deduction under section 80 C or not, interest on NSC is always taxable.

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