Interest calculation nsc

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Bhargavi.Telaprolu (Querist)
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04 July 2013 Dear Experts,

Could you please help me for the following Quarries regards NSC:

1.How to calculate accrued interest on NSC VIII issue, Issued on or after 1.4.2012?
2. If NSC is issued on Middle of the particular month, Do we need to calculate for days Wise?

Regards,
Bhargavi.T

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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04 July 2013 Bhargavi T,

please go to following link:

http://finotax.com/widgets/nsccalc.htm#x1

http://www.investmentkit.com/government/nsc-calculator.shtml

Bhargavi.Telaprolu

Bhargavi.Telaprolu (Querist)
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04 July 2013 Thank You....

May i know the complete theoretical procedure for calculation of Accrued interest?

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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04 July 2013 http://basunivesh.com/2012/01/27/nsc-accrued-interest-taxation-and-ways-to-reduce-it/