NSC is a scheme launched by the Government of India. It is a fixed income earning instrument and the interest rates are almost at par with other Government tax savings instruments. NSC is compounded half yearly and the interest rates are declared annually. The current rate of interest is 8.5% compounded half yearly for an investment period of five years and 8.8% compounded half yearly for an investment period of ten years. The major disadvantage of NSC over ELSS is the tax treatment of interest earned. The interest earned in NSC is taxable and for this purpose it is reinvested as the reinvestment within the one lakh limit is not taxable. ELSS does not come with any such tax clause.
Search You Want
Monthwise Posts
Search Under Category
Posts’ Tags
.Net (223) ADO.NET (10) Air Conditioner (16) Asp.Net (137) Body-Weight (9) C# (39) C Programming Language (23) Data Structure (36) Design Pattern (20) Digital Currency (9) Eating & Drinking (55) Exam 70-511 - TS: Windows Applications Development with Microsoft .NET Framework 4 (18) Exam 70-536 - TS: Microsoft .NET Framework - Application Development Foundation (15) Exam 70-562 - TS: Microsoft .NET Framework 3.5, ASP.NET Application Development (35) Fever (16) Finance (47) Funds (58) General Knowledge (128) GST (11) Insurance (25) Internet Information Services (IIS) (13) Interview Questions and Answers (471) Investment (21) JavaScript (19) Job (60) LINQ (Language Integrated Query) (56) MCPD Web Developer 4.0 Certification (35) Mental Health (13) MVC (156) OOPs (73) Pain (13) PPF (22) Shares (21) Silverlight (12) Skin (22) Software Development Methodology (12) Software Testing (32) SQL (113) TAX (25) TDS (12) Trading (16) Treatment (14) Web-Service (10) Windows Azure (11) Windows Communication Foundation (WCF) (49)