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 2 years, 10 months ago.

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  • #46901

    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?

    #46902

    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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