Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Easy Office

LCI Learning

interest on iinss-c bond

Deepak Sharma (49 Points)

26 July 2018

how can I calculate interest of iinss- c bond
will bank provide interest statement or not ?

Reply
Follow
Share

4 Replies

CA Sunil Kumar (Chartered Accountant) (4519 Points)
Replied 26 July 2018

There will be two parts in the interest rate. One, fixed rate of 1.5% per annum and second, inflation rate.

For example, if inflation rate during the six months is 5%, then interest rate for this six months would be 5.75% (i.e. fixed rate -0.75% and inflation rate -5%).

Upgrade to CAclubindia Pro. Subscribe Now!

Deepak Sharma (49 Points)
Replied 26 July 2018

sir will bank provide the interest statement

CA Sunil Kumar (Chartered Accountant) (4519 Points)
Replied 26 July 2018

yes, bank will provide the interest statement.

1 Like

Deepak Sharma (49 Points)
Replied 26 July 2018

and when I have to show this income on maturity or every year

Join CCI Pro

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

CCI Pro

Trending Online Classes

3 Days Certification Course on Tax Audit Under Income Tax Act 1961

CA Pratibha Goyal

Enroll Now

05 August 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

26 July 2024
Live Course on Practical GST Filing with Expert Legal Insights

Sachin Jain

Enroll Now

26 July 2023

view all classess

Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

Click here for more bestsellers

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads

Recent Posts

Unreplied Threads

Settings