Interest on nsc

Tax queries 1072 views 6 replies
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CA
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??

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On 31 May 2012 at 12:13 Report
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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.
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On 31 May 2012 at 12:19
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Sr. Executive - Finance & Accounts
1732 Points Joined February 2011

Agreed with Deepak

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On 31 May 2012 at 12:23
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CA
287 Points Joined March 2008

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

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On 31 May 2012 at 12:59
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SERVICE
266 Points Joined August 2008
Then the Interest will be =Rs. 20000.00*8.6%*227/365=Rs. 1069.00
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On 31 May 2012 at 13:26
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CA
287 Points Joined March 2008

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

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On 31 May 2012 at 13:29
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Ca
31 Points Joined May 2012

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

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On 31 May 2012 at 18:43


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