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Nsc matured taxable or not

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Querist : Anonymous (Querist)
10 December 2011 NSC MAtured Taxable or Not
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Hari Beldona

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Hari Beldona (Expert)
10 December 2011 Matured value of NSC has two components
1.Return of Capital
2.Interest accrued on NSC

Return of capital is not taxable
whereas accrued interest is taxable

For example
purchased NSC worth Rs. 10,000
on maturity Rs 16000 after 6 years
Rs 6000 alone will be taxable

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