Read to know if you are liable to pay taxes on the interest earned on your National Savings Certificate
The interest earned or accrued on a National Savings Certificate (NSC) is taxable. For taxation purposes, it should be added to the taxable income of the investor every year (not just at the time of maturity) and taxed as per the applicable slab. One must show it under the head, 'Income from other sources' while filing their tax return.
This article was originally published on May 19, 2022.
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