Friday, February 26, 2021
  • About us
  • Contact
  • Privacy Policy
  • Sitemap
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
No Result
View All Result
Home Money Schemes

Post Office: How much tax can you save from NSC, money safe with better returns; Know everything

Business News by Business News
January 21, 2021
in Schemes
0
Post Office: How much tax can you save from NSC, money safe with better returns; Know everything
583
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

PM Kisan: PM farmer completed two years, under the scheme, 10.75 crore farmers got 1.15 lakh crore rupees

Modi government’s big decisions towards self-reliant India, Cabinet approves PLI scheme for IT hardware, pharmaceuticals

NFO: Great investment can be made by investing just Rs 5,000? This scheme has a chance till 9 March

You can invest in the National Savings Certificate (NSC) of the post office.

Post Office NSC: If you are thinking of investing in the coming days, then the small savings scheme of the post office can be a good option. Interest on FDs or RDs in banks is also declining continuously. If you are a taxpayer, here you get better returns along with saving tax and with that your investment is also safe. You can invest in the National Savings Certificate (NSC) of the post office.

This scheme of post office not only provides good returns but also saves tax under section 80C of the Income Tax Act. The tax deduction can be availed on NSC up to a maximum amount of Rs 1.5 lakh under this section. While calculating income tax, a taxpayer under section 80C gets the benefit of the deduction, which he can deduct from his income as expenses, so that he has to pay tax on the lesser amount.

Interest rate and tenure

The National Savings Certificate (NSC) scheme of the post office is currently getting 6.8 percent interest annually. It is compounded on an annual basis but the payment is on maturity only. The tenure of this scheme is 5 years old. According to the information given on the post office website, if you invest in NSC from Rs 1000, then after 5 years you will get Rs 1389.49.

Features

  • Investments can be started from the National Savings Certificate. There is no maximum investment limit.
  • Certificate in the scheme Anyone adult, with a maximum of three adults, can take a joint account, a minor of more than 10 years of age.
  • NSC can be purchased from any Indian Post Office.
  • Interest is deposited annually but payment is made only at maturity, in which TDS is not deducted.
  • NSC is accepted as collateral or security for loans by all banks and NBFC.
  • An investor can nominate any member of his family.
  • NSC can be transferred from one person to another in the name of a person between the time of issue and maturity date.

Bajaj Pay: Bajaj Finance ready to compete with Paytm and Google Pay, users will get another payment option

Who can invest?

All Indian residents can invest in NSC. Non-Indian citizens (NRIs) cannot purchase NSCs. However, if a resident Indian has purchased an NSC and becomes an NRI before maturity, then he gets the benefit. Trusts and Hindu Undivided Family (HUF) cannot invest in NSC. HUF Karta can invest in NSC only in their name.

Tags: income tax savingIncome tax savingsnational savings certificatensc interest ratePost office nscPost office schemesmall savings schemesmall savings scheme interest rate
Business News

Business News

We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.

Related Posts

agriculture minister narendra singh tomar appreciates pm kisan samman nidhi on its 2nd anniversary said its a milestone in indian history
Schemes

PM Kisan: PM farmer completed two years, under the scheme, 10.75 crore farmers got 1.15 lakh crore rupees

by Business News
February 24, 2021
modi cabinet decisions union cabinet approves PLI scheme for IT hardware and pharmaceuticals
Schemes

Modi government’s big decisions towards self-reliant India, Cabinet approves PLI scheme for IT hardware, pharmaceuticals

by Business News
February 24, 2021
Mirae Asset investment managers india, Mirae Asset Corporate Bond Fund, Mirae NFO, Mirae Asset Corporate Bond Fund investment option, Mirae NFO investment, SIP, Mutual Fund, Mirae Asset Corporate Bond Fund rating, Investment
Schemes

NFO: Great investment can be made by investing just Rs 5,000? This scheme has a chance till 9 March

by Business News
February 24, 2021
sbi investment plan Annuity Deposit Scheme know here the details eligibility interest rate features
Schemes

SBI: Every month there will be good income, understand every detail about annuity deposit scheme

by Nisha Chawla
February 22, 2021
post office senior citizen savings scheme SCSS know interest rate features income tax benefit
Schemes

Post Office SCSS: Interest of 4.3 lakhs to be given on 10 lakhs, start this government scheme in the name of parents

by Nisha Chawla
February 21, 2021

Recommended

india said that No territory conceded under disengagement agreement with china

India has not given any land in agreement with China, insists on adherence to LAC: Ministry of External Affairs

February 25, 2021
Redmi K40 Series Launched know price specifications camera features

Redmi K40 Series Launch: Three rear cameras; Starting from around Rs 22,500, know specifications

February 25, 2021
Vitamin D Intake

Cases of vitamin D deficiency are increasing rapidly in youth, do you not get enough sunlight?

February 25, 2021

Don't miss it

  • All
  • Startups
  • Share Market
  • Entrepreneur
india said that No territory conceded under disengagement agreement with china
India

India has not given any land in agreement with China, insists on adherence to LAC: Ministry of External Affairs

February 25, 2021
Redmi K40 Series Launched know price specifications camera features
Tech

Redmi K40 Series Launch: Three rear cameras; Starting from around Rs 22,500, know specifications

February 25, 2021
Vitamin D Intake
Health

Cases of vitamin D deficiency are increasing rapidly in youth, do you not get enough sunlight?

February 25, 2021
how to open bank account for minors and kids of age less than 18 years know eligibility documents and all details
Investments

How to open bank account for children below 18 years? Which documents will be required

February 25, 2021
SBI and Shapoorji Pallonji Real Estate sign MoU to offer seamless home buying experience
Investments

Partnership between SBI and Shapoorji Pallonji Real Estate, Home Buyers Will Get Big Benefits

February 25, 2021
Xiaomi is focusing on manufacturing in india now all smart tv and 99 percent smartphones made in india
Tech

Xiaomi accelerates manufacturing in India, now 100% Smart TV, 99% smartphones ‘Made in India’

February 25, 2021
know stewise AADHAR Update History when first created to how many times updated stepwise deatil and link mobile number to aadhar uidai
Investments

AADHAAR Update History: When did Aadhaar update, see like this; Stepwise complete process

February 25, 2021
Angel Broking, Vested Finance, Indian investors]invest in US stock market, ETF, Angel Broking Vested, stock market
Industries

Indian investors will find it easier to invest in US stocks, Angel Broking ties up with Vested Finance

February 25, 2021
Business Khabar

Business Khabar provides the latest news about market, financial, tech, sports and business news from around the world.

Learn more

Categories

  • Automotive
  • Business
  • Car & Bike
  • Career
  • Entrepreneur
  • Fashion
  • Featured
  • Finance
  • Food
  • Health
  • India
  • Industries
  • Insurance
  • Investments
  • Lifestyle
  • Money
  • Opinion
  • Real Estate
  • Schemes
  • Share Market
  • Startups
  • Tech
  • Top Stories
  • Travel
  • World

Important

JIOMART FASHION

BUSINESS PLAN

ATUM 1.0 BIKE

UPCOMING IPO

VEGETABLE BUSINESS

MARUTI UPCOMING CARS

BUSINESSMEN STORY

Nureca IPO

BUSINESS AFTER LOCKDOWN

IPL COACH SALARY

CSC REGISTRATION

Recent News

india said that No territory conceded under disengagement agreement with china

India has not given any land in agreement with China, insists on adherence to LAC: Ministry of External Affairs

February 25, 2021
Redmi K40 Series Launched know price specifications camera features

Redmi K40 Series Launch: Three rear cameras; Starting from around Rs 22,500, know specifications

February 25, 2021
Vitamin D Intake

Cases of vitamin D deficiency are increasing rapidly in youth, do you not get enough sunlight?

February 25, 2021

Copyright © 2020 Business Khabar

No Result
View All Result
  • Home
  • Larest News
  • World
  • Share Market
  • Business
    • Automotive
    • Industries
    • Startups
    • Entrepreneur
  • Tech
  • Money
    • Schemes
    • Investments
    • Finance
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
    • Car & Bike
  • Top Stories
  • Real Estate
  • Contact Us
  • About us

Copyright © 2020 Business Khabar

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.