Calculation of Interest of Nsc (National Saving Certificates) is generally difficult to calculate for everyone. With the help of following calculator you can easily calculate Interest of NSC.
There is no doubt that nowadays interest on nsc is not part of Deduction u/s 80L. It is treated as part of Income and allow deduction u/s 80 C (as re-invest of interest in nsc in each year). Lot of persons avoid to show Interest on NSC in their income tax return. It is violation as per income tax act. We should surly calculate interest on nsc and accounted for in our income tax return to avoid any further litigation.
As per our past practice, you have to enter only white cell in the calculator.
Click Here to work on Online Calculator.