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NSC CALCULATION

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(Querist)
06 February 2009 Gud morning,

Please advise how much NSC amt we can take for the Income tax calculation. For e.g, suppose a male individual is having Rs.100000 NSC, can we avail full amt for the income tax payment .

I know that the under section 80c ceiling upto 100000.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 February 2009 That Rs.1 lakh can be deducted from gross total income provided there is no other investment like lic,pf etc mentioned in section 80C.
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chetan soni

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chetan soni (Expert)
06 February 2009 You can even claim interest on NSC as deduction from income u/s 80C.
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