Interest on nsc

Tax queries 1092 views 6 replies

287 Points Joined March 2008

Hey....Let if I invested 20000 in NSC in FY 11-12, then wat would be interest for FY 11-12??

Replies (6)

Future CA

623 Points Joined December 2008

Very simple, amt of investment* interest rate per annum. 20000*0.086=1720/- assuming you invested at the beginning of f.y.

Sr. Executive - Finance & Accounts

1732 Points Joined February 2011

Agreed with Deepak

287 Points Joined March 2008

Thanks But say I have invested on 17.08.2011 ..then interest would be ?

SERVICE

266 Points Joined August 2008

Then the Interest will be =Rs. 20000.00*8.6%*227/365=Rs. 1069.00

287 Points Joined March 2008

owk. i.e. in given eg above NSC will mature on 17.08.2017?

31 Points Joined May 2012

Interest on NSC is computed @ 8.16% p.a compounded annually...

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