NSC CALCULATION

This query is : Resolved

shyam (Querist)
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07 December 2008 HI SUBHA RAO,

THANKS FOR YOUR REPLY. MY DR FRIEND IS A MALE INDIVIDUAL TAX PAYER AND HE ALREADY PURCHASED 1 LAKH RUPEES NSC.

PLS ADVISE ME HOW MUCH NSC DID HE REQUIRE TO COVER HIS TAX AMT.

AWAITING FOR YOUR REPLY SOON.

sudarshan kumar

sudarshan kumar (Expert)
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07 December 2008 under section 80c the maximum deduction is allowed upto Rs.100000/- only for all the eligible investments and savings. as yr friend has already purchased NSC of Rs. 100000/- no further investment is required pl