You have calculated interest as NSC purchased in the first day of starting year. Please give an illustration of acquired interest if it is purchased on 19th August, 2021. Thanks.
for august 2021, NSC interest rate was 6.8% and using the calculator we get Rs. 13895 maturity amount after 5 years (august 2026) on deposit of Rs. 10000. Please set interest rate as 6.8% in below NSC calculator and calculate interest: NSC Calculator: fincalc-blog.in/nsc-calculator-national-saving-certificate-post-office/
Dear Sir, Me or mare wife dono melkar national saving certificate par khata khona chahate hai , lakin jo Total 5 saal interest ban raha hai amount 583744 . kiya es interest ka divide karke tax calculate hoga .
If we have not declared interest in first year and neither claimed it in 80C, can we start doing this from the 2nd year of nsc, that is declaring 2nd year interest and claiming in 80C and continue...? Secondky my worry is suppose we declare each year like this but post office declares the lumpsum 5 yr interest in the last year in AIS/TIS sft section, then it would become double declaratiok for us? Because our int income in ITR should match AIS else if we show only 5th year interest then IT might send mismatch. Pls guide and clarify both these points. Note: my income is not in taxable bracket any year so no tax liability
You can claim a deduction for interest earned from NSC, but you don’t show it as income. In this case, you can consider the entire interest income you have earned over the years as income in the last year.
While the interest earned on NSC is not tax-free, the interest income is deemed reinvested and qualifies for tax exemption under Section 80C. This means that the interest is not subject to tax each year but is taxed only at the time of maturity or withdrawal.
@@fincalc we all know this basics, pls read my question..as we would be declaring interest every year, but PO declares total lumpsum int in 5th year; it was about mismatch between ais and ITR declaration in the final 5th year!
I think you gave a wrong information about the income tax we pay. We don't pay income tax on total interest but it is only for the last year. So instead of 22000, it will be tax on 5100 which is paid on the last year.
since the total interest amount is given to us after the end of 5 years, it is the extra income on which we have to pay tax based on slab rates, whether it is just 1 year or 5 years interest. If it was only on 5100 then is the remaining interest amount tax free? hope this clears the doubt. We pay on entire amount since we are receiving entire amount at once.
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NSC Calculator:
fincalc-blog.in/nsc-calculator-national-saving-certificate-post-office/
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Maine abhi dekha..... Sach ye very useful
thanks
Excellent
Thanks
500000 invest kitlya hai 2019 mein, maturity amount 7231269 dikha raha hai...fixed interest rate lagega ya calculate hoga per quater ke hisaab se?
yes interest rate will be fixed that is set
Bro can we invest nsc on monthly basis? Also in a year how many times i can deposit to nsc.
Please suggest me if NSC can be transferred to another ones after 4 years
Isme tax benefit hai kya? 80c ke under ata hai kya nsc.
You have calculated interest as NSC purchased in the first day of starting year. Please give an illustration of acquired interest if it is purchased on 19th August, 2021. Thanks.
for august 2021, NSC interest rate was 6.8% and using the calculator we get Rs. 13895 maturity amount after 5 years (august 2026) on deposit of Rs. 10000. Please set interest rate as 6.8% in below NSC calculator and calculate interest:
NSC Calculator: fincalc-blog.in/nsc-calculator-national-saving-certificate-post-office/
Can i get this certificate with out agent please reply
yes please visit nearest post office
Kya nsc me bhi ppf ki tarha before n after 5th h? Or ppf me jese monthly deposit/ yearly deposit se balance me fark padta h wese hi nsc me b h kya?
Nope
bro can you make a video different between PPF and NSC, so hme pta chal jaye kon sa better hai. Thank you
already present. watch here ppf vs nsc:
ruclips.net/video/4Uh1cLIjMDM/видео.html
Dear Sir, Me or mare wife dono melkar national saving certificate par khata khona chahate hai , lakin jo Total 5 saal interest ban raha hai amount 583744 . kiya es interest ka divide karke tax calculate hoga .
Shall we withdraw this ammount inthe middle ?? I mean after 2 years ??
If we have not declared interest in first year and neither claimed it in 80C, can we start doing this from the 2nd year of nsc, that is declaring 2nd year interest and claiming in 80C and continue...?
Secondky my worry is suppose we declare each year like this but post office declares the lumpsum 5 yr interest in the last year in AIS/TIS sft section, then it would become double declaratiok for us? Because our int income in ITR should match AIS else if we show only 5th year interest then IT might send mismatch.
Pls guide and clarify both these points.
Note: my income is not in taxable bracket any year so no tax liability
Did you get any solution? I too have the same doubt
You can claim a deduction for interest earned from NSC, but you don’t show it as income. In this case, you can consider the entire interest income you have earned over the years as income in the last year.
@@kushalsharma3718 without showing interest as "income" how can we just keep on showing as "deduction"? It's not logical.
While the interest earned on NSC is not tax-free, the interest income is deemed reinvested and qualifies for tax exemption under Section 80C. This means that the interest is not subject to tax each year but is taxed only at the time of maturity or withdrawal.
@@fincalc we all know this basics, pls read my question..as we would be declaring interest every year, but PO declares total lumpsum int in 5th year; it was about mismatch between ais and ITR declaration in the final 5th year!
Tax jo hai bo principal amount per lagega kya???
Nahi. Sirf interest amount par
क्या नेशनल सेविंग सटिफिकेट का पिछले साल का इंटरेस्ट अअमांट जुड़ कर अगले साल का प्रिंसिपल अमाउंट बनता है?
yes. ise compounding kehte hai
Can you explain NPS CALCULATOR THROUGH EXCEL?
yes will upload soon. subscribe and stay tuned
👌
Interest pe tax kt kr kitna hoga ye bhi btayen. 5 saal mein kitna net fayda hua?
depend karta hai aapke tax bracket pe
Sir lottery ki bare mea bato
What if I am moving to another country?
Is the interest taxable
yes interest portion is taxable after 5 years. Added to income and taxed as per slab rates
@@fincalc
Ok Sir
Thank you very much
Mine is the first view...
Thanks 🙏
First view and first comment 👍😁
10000 nsc lene par tax exmption kitna milega
Kay income tax saving h
How to know that a NSC certificate is fake or real?
1000000,lakh m 5yr kitna milega
NSC calculator use karo:
fincalc-blog.in/nsc-calculator-national-saving-certificate-post-office/
Hindi mein bolate to samajh mein aata
Yes Hindi me hi hai video
@@fincalcisme ham monthly invest kr skte h na ya fir ek sath deposit Krna hota h
@@ayushi8945 monthly investment ke liye monthly income scheme hai. Ye video dekho
ruclips.net/video/YSUJI1USqc0/видео.html
Every year interest amount to be shown in ITR...& not after 5 years...please don't give wrong information. Don't misguide.
I think you gave a wrong information about the income tax we pay. We don't pay income tax on total interest but it is only for the last year. So instead of 22000, it will be tax on 5100 which is paid on the last year.
since the total interest amount is given to us after the end of 5 years, it is the extra income on which we have to pay tax based on slab rates, whether it is just 1 year or 5 years interest. If it was only on 5100 then is the remaining interest amount tax free? hope this clears the doubt.
We pay on entire amount since we are receiving entire amount at once.
Good information
Thanks 👍