NSC income tax rules 2023-24
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- Опубліковано 22 сер 2024
- Channel name is changed to CAPITAL GROWW now. #nsc #incometax #seniorcitizenscheme #interestrates
NSC is one of the most popular savings scheme in India.
But, generally people are confuse about its tax structure.
This video will make the things clear.
Thanks for watching DIFFERENT MOODS.
Questions and comments in comment box please.
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sir very nise. सर जैसा आप समझ| रहे हो शायद ही कोई चैनल समझा पाएगा🎉🎉 सर मैं आपका ही वीडियो देखता हूं और कोई भी स्कीम समझ में आ जाती हैl Sir thanks.🎉
Glad it helped you. Thanks . Do share the video
aap ke video hamesha jankari se bharpoor hote hain. thanks a lot
Thanks and welcome.
बहुत ही सुन्दर वीडियो लगा आपका समझाने का तरीका काबिलेतारीफ है 🙏🙏
Thanks
Bahot acha explain kia sir... content is perfect..maine google pe read kia video dekhne se pehle but clarity apki video se aayi especially 'ONLY IF 80 C is not Fully Consumed '..
Make more financial awareness videos
Thanks and welcome
Thanx sir for the nice and detailed information.Many people will certainly benefit from this information.🎉🙏🙏🙏
It's my pleasure
Thanks.I was waiting for this clarification since long.Now you have very nicely cleared it.
You are most welcome
Sir, I have subscribed your Channel. Information is extremely useful.
Thanks And welcome. Do share the useful videos.
Sir, aap k video se main confused hu, mujhe ye janana hai ki NSC ka jo yearly interest mila hai wo Interest from Other source mein show karna hai aur wo taxable rahega ya ya Exempt income mein aayega? Mere NSC ka 3 year hai.
Good information. If you err in calculation of interest on NSC and do not invest full 150000 for 80C there is every possibility that we may end up getting less than 150000 benefit under 80C in that financial year.
Could not understand your doubt
As per my understanding, if a person invests in NSC say ₹150000 every year consequently for five years, then also interest for first four years becomes non taxable, irrespective of person crossing the maximum limit under 80C. Because four years of interest have been reinvested again in NSC. Therefore only the fifth year NSC interest becomes taxable. Yes his deduction under 80C gets restricted at Rs 150000 lesser than actual investment.
Sir meine 2021 se 2024 May month tk 16 Lakh ka kvp published kiya h. Mujhe maturity time tax dena hoga agar han to mujhe It feel kb karna hoga,abhi se ya maturity k time.jb ki mera income below 5lakh hai.pls reply sir...
Ji sir agar meine pichle 4 saal ka interest total income mei show nhi kiya hai to kya mujhe poora interest 5th saal mei income me show karna hoga ya sirf 5th ka hi interest show karna hoga??
Thankyu sir
Welcome
Bhut acha smjhaya sir
Thanks
Awesome video .
Thanks
Sir suppose maine 1.5 lakh ka NSC kiya jo ki 8o c ke under maximum limit hai aur jo har sal accured interest ASi mai ahow kar raha hai usko phir se 80 c ke under claim.kar sakte hai ya, uso interest ko other source mai declare karke tax barna hai
Yes
One more last question sir.ki mughe iss saal 1.5 lakh ki investment krni ho to kaha krna better rahega .ppf me ya nsc me bkoz ppf ka interest 7.1/ h or NSC ka 7.7/ please suggest me ki extra benefits k liye nsc me hi krna thik hoga kya ???? Please 🙏🙏🙏🙏🙏 reply sir
NSC better. Waise mutual funds the best hai.
@@investment_Tax_mutualfundssir kya mutual fund 💯 safe hote h? Kya ye government ki skim hoti h . please iss pr b details video bnany😊
Video very soon
Sir,
I have opted for new regime under which no tax under 7L.
Is only 5th year NSC intrest taxable or all 5 years accumulated intrest taxable on 5th year ?
Total income is under 7L every year.
In the new tax regime, NSC interest is taxable every year.
@@investment_Tax_mutualfunds okk..
My AIS report didn't show NSC intrest that's why asked.
So should I add my NSC accrued intrest by myself instead of automatic calculation ?
Sir, thanks for this informative video.I have one doubt.Suppose I have invested entire amount of Rs 1.5 lakhs in ppf, even in such case the interest of Rs 8000 from NSC can be claimed claimed as deduction.My contention is that I have invested only Rs 1,42,000/- in ppf for tax saving purpose & balance Rs.8000 I have invested in ppf for investment purpose. Does this argument holds good sir, pl clarify.
Yes, correct
Nice information sir. 🙏🏻🙏🏻sir plz KVP main aise details ak video banaiye, ki yearly interest ko tax main dekhana padega ya maturity pe??
Maturity
मैंने ज्वाइंट NSC लिया है पिताजी के साथ। उसके पूरे होने पर सम्पूर्ण राशि पिताजी के खाते में क्रेडिट की गई तो क्या वह ब्याज मेरे लिए टैक्सेबल होगा।
Jiska first name hai NSC mein, sab tax usko dena hogaa
Jiska Name pahle hoga tax usi ka lagega. Wo bhi kewal 5th year ke intrest par
@@investment_Tax_mutualfunds yes please you are right
nice information
Thanks
Very nice video. Perfect and honest opinion
Thanks a ton
@@investment_Tax_mutualfundsthis year I invest in nse 1lak...the interest generated 7000/, is next year then how can we show 1,07,000/-
In my view...2023-24 invest nsc 1lak and show it in 80c 1lak only,
Next FY means 2024-25 we show first year interest of nsc 7,000/-
Soo on up to 4 years right???
Plz confirm...it ....in ur video u show 107000 as 80c....how can we claim 80c with interest..plz clarify it once in this comment😊
Well researched really appreciable & admirable nice content 🙏
Thanks a lot 😊
Yadi nsc 5year ke maturity ke bad maine fir se us ammount ko nsc me invest kar diya to kya interest per tds Dena padega
No TDS. TAX ONLY
Invest amount+interst amount dono ko 5 years ke bad total income me count kiya jata hai ya 5years ke interst ko sir please answer 🙏
Only interest amount
Sir agar hum Investment declaration ke time 150000 se kaam dikatheee hai toh Employer ko kaise batayeegeee ki humme NSC se interest itna milega?
That is self declaration
Hello sir
Now AIS shows yearly interest of nsc when filling itr.
According to ur vedio..
Can i show this interesr in 80c saving now..
Nd should i delete this interest from income column..
Plz suggest sir
Ignore AIS
Sir maine apne mummy ke naam pr 6 lakhs ka NSC karwaya hai kya unhe 6 lakhs pe income tax bharna padega .. kya unko itr bharna padega ... Unko agle 5 saal or koi income nhi rahega... Help me sir
No tax.
No ITR required.
Sir No tax no itr magar NSC ke maturity pr to tax lagega wo kaise dena hai wo bataye kya maturity ke baad itr file kar ke tax dena hoga kyuki TDS to katega nhi
Plz ans jrur de...agar ppf me rs and Sukanya samridhi dono me 150000 se jyada invest kiya hai..kya return me hame dono show karne chahiye ya bus koi v ek show kar sakte hain jisme 150000 invest kiya hai
Dono
Sir, mera total yearly income 2.5 lakh se kam hai, keya tab bhi mujhe 1 lakh ke nsc ke liye mujhe ITR file karna padega?
No
Sir NSC kraane gye the Aaj 9-9 lakhs ki but agent ne bola 5 lakh k upar NSC kraaoge to source of income btaani padegi or father ka PPO lgana padega.
Is it true??
Aur agar source of income btaabhi de to sir papa ka tax thoda lagega
Becz NSC to mere aur meri sister ke naam se ho rhi hai.
PLZ REPLY 🥺
Sab bakwaas hai. Aisa koi rule nahin hai
Excellent information.....
Thanks.
Will it be auto calculated and show under “income from other sources” ? (As we can automatically see the interest earn from savings accounts )
Yes.
2:32 सर, आपने ग़लती से, *Interest Rate 7.07 बताया है।*
*Actually, the Rate of Interest is 7.70 % from 1st April 2023 and remains unchanged on 1st July 2023 too.*
🙏😊
Galti se nahin bataya. Video aapne skip kiaa hai. Pehle bolaa hai ki aasani se samjh aa jaaye isliyr 7% Maan lete hai.
@@investment_Tax_mutualfundsyes,,,sir ne pehle hi clear kr diya tha.mene video Puri watch ki h...sir aapne bahut achhe se sare dout clear kiye h.thanks sir😊
Welcome
If I invested in month of June
Then from where and how we can calculate and see the actual interest earned?
Will it be auto calculated and show under “income from other sources” ? (As we can automatically see the interest earn from savings accounts )
June to 31st march
Very nice sir
Thanks and welcome
Sir me abhi study krta hu (earning nothing)
So agar papa mere naam se 10 lakh ki NSC khulaate hai to uspe bhi koi tax lagega kya
Iam 19 years old
Plzz reply ASAP.
No.
Father can gift you any amount.
Till 250000 per year income...you are tax free.
Please note that the table shown in the video at 6:10 is not correct. Only the investment amount of 100000 (not 107000) will be considered under section 80C in the FY in which the investment is made, this is year 0. And only the accrued interest amounts of 7000, 7490, 8014 and 8575 will be considered as reinvestments in 1st, 2nd, 3rd and 4th years following the FY of investment. The 5th year interest amount of 9175 is paid back and hence not considered as reinvestment. The table should start with year 0 with the investment amount and the subsequent 5 years should show only the accrued interest amounts.
The information given in the video is 100% correct.
If you feel you are 100% correct be happy.
But it is not so. In the video at 6:28mim you are saying that in the 1st year you can take 107000 u/s 80C when you have invested only 100000. This is wrong. In the year of investment only the investment principle amount ie 100000 can be considered u/s 80C and the accrued interest of 7000 can be taken u/s 80C only in the following year. You may verify this with the IT department or a tax consultant CA.
Again, the information given in video is correct. Re consider your theory. Plz don't hesitate to connect us on whatsapp 7888350093. No calls plz
@@investment_Tax_mutualfundsSir a woman (House wife)invest 1500000 (fifteen lac rupees)@8%interest in June 2019 How much amount has she will have to pay the tax?
Scheme name ? And for which financial year, are you asking?
Sir I had invested Rs 15 lakhs in NSC five years ago due to misguide or misinformation by post office staff that on maturity it is tax free now this year my NSC is maturing as I am already paying tax being a govt employees of Rs appx 12lakhs
Please suggest whether the maturity amount of NSC appx 6 lakhs add in my return ie (12+6 lakhs) of this year or only interest of one year add on in my 26 AS
Regards,
NSC interest is taxable on yearly basis.
Sir ak video post office me 15 g k form pr b bnay . Postoffice wale 15 g form kyu nhi lete . Ager nsc or fd post office me ho to kya 15 g form kaha jma krway bank me ya post office me.bkoz Post office wale to 15 g lete nhi h to kya kre.???? Please reply sir
We will make a detailed video on this topic very soon
Sir NSC 15 March 2024 ko karvau to iska tax benfit 2023- 2024 financial year m calculate hoga ya 2024 -2025 wale m pz rpy
2023-24
Gm sir, i invested in nsc since last 5 year ,each year i invested some amount but I never shown intrest amount in last ITR. Now this year one NSC matured and in ais sheet whole intrest of first mature NSC is showing to pay tax. What should i do. Shall i have to pay tax on full interest amount or only last year intrest ammount.
In some last itr i consumed full 80c exemption and in some years not consumed full 80c limit
AS PER AIS tax de dena chahiye ab apko
Thank you @@investment_Tax_mutualfunds
Sir saving joint account me jisme scss aur mis ka interest aata hai usme dono account Holders ko Atm issue ho jata hai alag alag ?
Aur agar hota hai to annual maintenance charges kitna kat ta hai dono atm ka annually ?
Post office me
One ATM
@@investment_Tax_mutualfunds sir par mere mumy papa ka joint account hai post office me jisme scss aur mis ka interest aata hai.
Mumy papa ke paas alag alag atm hai sir usi account kaa
Most important.
🙏
Sir, even post office RD , annual interest is not reflected in AIS, then how to calculate Income Tax at the time of maturity?
Send us figures . We will calculate for you
respected sir, my clent purchase nsc of rs. 140000 but not claimed in income tax return . he filed his itr without claiming nsc amount. now in AIS of Fy2022-23 whole interest amount is shown . now please tell me that how much interest amount is to be taken for filing return. please guide
Already discussed the same
Most valuable and informative video sir mere AIS me har bar 5 saal ka total internet dikhate hai agar me sir last year ka pay karu to demand notice bhejate hai so I am confused me income tax portal pe ye kaise explain karu.hoping to be favoured
Demand notice ka sorf reply daal do. No issue.
Do we have to pay tax for yearly int on nsc if total nsc value is rs 200000 as it is shown in ais. If int is calculated yearly as income in ais. do we have to pay again on maturity if total int for 5 years is again shown in ais. In this case wt to do for filling itr .
Tax on NSC has to be paid on yearly basis
But if on maturity total interest is again shown in AIS ,then what which I hv already asked but not replied.pl guide.
NSC new tax regime mai kaise show kare , agar pehle ITR file nhi kiya ho toh ....
Aur NSC interest ki calculation kaise kare 31st march tak....agar mid year jaise ( july , december , jan ) mai liya ho....
Pehle ITR file nhi kiya tha kyuki 2.5 lakh se kum thi income , lekin abb 2.5 lakh se jyaada hai .... FY 23 -24 mai....
We can provide a solution figures to you.
Fee payable
Kaise contact kare sir apko ...aur apki consulting fees kitni hai.......
Whatsapp 7888350093. No calls plz
Very nice
Thanks
If I had invested 1.5 L in PPF but claim less and add NSC income than is it OK
Send proper figures
Interest on NSC will be taxable after 5 yrs period on the maturity or on the withdrawal? Pls reply.
Effective 01-Apr-2020, the income tax benefits will depend upon whether you choose old tax system or new tax system.
Old Tax System:
The deposit amount (up to Rs. 1.5 Lakhs) will qualify for tax deduction under Section 80C of Income Tax Act.
The yearly interest accrued needs to be declared under section "Income from other sources".
The yearly interest accrued in this scheme is considered to be re-invested under Section 80C of Income Tax Act and hence eligible for tax deduction.
So, "Income from other sources" and "deduction under Section 80C" cancel each other and make this scheme tax free on interest.
Only the interest earned in the last year (5th year) is taxable as it is not re-invested and it is paid back to the investor.
No TDS (Tax deduction at source) in this scheme by Post Office.
New Tax System:
No income tax benefits. The deposit amount won't get any deduction benefit under section 80C of Income Tax Act.
The interest amount will be taxable at maturity. You need to be declare the interest amount under "Income from other sources" during tax returns and pay income tax as per your income tax slabs.
No TDS (Tax deduction at source) in this scheme by Post Office.
@@investment_Tax_mutualfunds sir, suppose my NSC matured in Feb 2023 and I am planning to close the nsc or withdrawing the amount in Apr 24...so in Old regime, interest will be reflected in the AIS 23-24 or in AIS 24-25?
23-24
@@investment_Tax_mutualfunds Thank you so much
On new tax regime whole interest will be calculated? Or only 5th year interest?@@investment_Tax_mutualfunds
Hello ji apki jaankari ke liye bata doo AIS mai change karte hue ab interest annual basisi par dikhna shuru ho gaya hai 2024 se ab ikatha interest nahi show hota. Pl check
Is per iak vedio bana lo abhi latest topic hai abhi kisi ko pata nahi hai
AIS galat hai. Aisa sirf 1 scheme ka nahin, kaai schemes ka galat hai. Video information is 100% correct
मेरे बचत बैंक खाते में एक ही महीने में किसी अन्य व्यक्ति से ऑनलाइन 9 लाख रुपये प्राप्त हुए, लेकिन कुल मिलाकर एक वर्ष में क्या यह भी आईटी अधिनियम के अंतर्गत आता है और क्या मुझे आईटीआर भरना होगा या मुझे आयकर नोटिस मिलेगा.. सर कृपया मेरी मदद करें मैं बहुत चिंतित हूं
ITR bhar ke income show karo
I invested 30000 in nsc in2023 February.MyGPF premium is60000 yearly,LIC premium is 7474 yearly, children education fees 3000
My total income after standard deduction is 640480& I have no mediclaim policy.
What amount i have to invest to take80C facility?
Please guide me
Plz send again as a fresh comment.
Sir
Gm
For 80c eligibility minimum lock in period is 3 years so interest of 3rd,forth and fifth year should be taxable
In NSC it is only 5th year interest, which is not considered under 80c
@@investment_Tax_mutualfundssir, have you any notification/order about this
It's nothing new.
I have to search for secrion.
But we don't post nonsense videos.
Sir meri mother ko total pension 480000 lac/annum milta hai agar mai aur 30 lacs mother ke name pr nsc krwa do toh muje tax dena hoga ya tax free for 23-24 yr . Agar dena hoga toh kitna pls help krijye bhaiya ji????
Aapke mother ko tac dena hoga...agar aapne mother ko 30 laakkh gift kiaa hai
@@investment_Tax_mutualfunds sir ye 30 lacs mere father ke account pr hai jo expire kr gye ye koi gift ni hai....pls ab bataiye ky tax dena hoga??
Samjh nahi aaya mujhe. 7888350093 whataapp par voice message send kijiye. No calls plz
Hello sir a person purchage fifteen lac rupees in 2015 june and his/her matured amount is 2204000 Whether he/ she has to pay income tax?And how much he/he should be paid income taax?
For which year tax calculation required.
2024-25 Fy
Hello sir
.ager alag alag 3 bank me fd hai aur interest 40k ke niche ata hai har bank se to..TDS katega....
Age ??
@@investment_Tax_mutualfunds 33 age
Jis bank mein 10000 se zyada interest banega, wahaan katega
Nsc par tax har sal Dena hai yaa maturity ka wakt
Har saal subject to 80c
It means that NSC interest should be added on a yearly basis to total income, not total interest on maturity.
Yes
Dada ki 10 year NSC thi pehle ki 2024 mein mature hoga 2017 m death ho gya toh kya 2024 mein paise nikal sakte hai
Yes
Hum har sal 150000 ₹ ki 5nsc lete hai to pichale sal ki5nsc ki int taxable hogi kya?
Jo bhi NSC lia hai wo 4 saal tak tax free hogaa
@@investment_Tax_mutualfundssir maine 18-1- 2018 ko 1.5 lacs ki nsc poat office me ki thi jo ab 2023 me mature ho gyi hai , meri salary 7-8 lacs yearly thi to hum ppf me 2018 se invest karke 19 20 21 22 me even 23 me tax chhut ka labh lete rhe...nsc ko kewal 2018 me show kiya tha
Ab 2023 -24 FY K end me jab tax file kiya to high demand ka ek notice aaya jo nsc k five year k byaj k.amount ka hai...
Is saal hum tax k liye ppf me 1.5 lacs ka investment kr chuke hain..
Ab
Kya humko nsc ka byaj total 65000 something par tax dena hoga ya fifth year k byaj 15000 something par ...
Please clear...
Sir agar account main jama hua 10 lacs rupees ka nsc le or mincome 4 lakh ho toh kya tax dena hoga
Mincome matlab ??
@@investment_Tax_mutualfunds income
Jis saal 10 lakh ka NSSC liqa hai us saal tax zero. Baad mein padega
Thank you
You're welcome
Sir what about Post Office RD interest?
Taxable
Sir 80c ki limit 1,50000 main ppf main leta hu ,meri yearly income 4 lakh hain ,kya mujhe nsc per tax lagega koi
No
Govt. Should increase 80 C limit 1.5 lakh
It's already 1.5L
Koi June 2019 mey 1500000 NSC purchage kya uski 24-25 financial year mey kitna income tax denapadegi agar o House wife and senior citizen nahi hay to? Rate of interest 8%Please advice me and in detail Thank you .Has she pay the tax of the interest of the fifth year only?
Agar koi aur income nahin hai to zero tax
Income tax department shows my 5 year NSC interest in other sources in ITR. I have not filed ITR last 4 years. I will show 5th year NSC interest in other sources. Then where to show last 4 years NSC interest in ITR or no need to show anywhere in ITR.
If your income was under 2.5 lakh in previous 4 years..then ok
@@investment_Tax_mutualfunds if income is more than 2.5 lakh than what to do?? I need a whole 5 years in interest in the 5th year ITR??
@@investment_Tax_mutualfundssame question please clear
Maine 4lakh ka investment hai nsc mei kya tax lagega??
Depends on your total income
Sir ji mere papa nsc liya 9lakhs ka 2022 mai to kitna tax dena parega plzz reply
Total income mein add hogaa
@@investment_Tax_mutualfunds only last year interest pa ya pora 5years interest mai
Sir, scheme name ?
Sir AIS, देखते हैं यह कैसे पता चलेगा किAIS में NSC का ब्याज पूरे 5 साल का शो कर रहा है या लास्ट ईयर का शो कर रहा है इस पर भी एक वीडियो बनाएं
AIS fail hai. Us ko dekho hee mat
👍
Thanks
Scss 80c eligible hai kya.
Investment amount only
Sir 210000 ki nsc par kitana tax lagega
Interest rate
Nice video Deepak ji
Thanks all
Please explain about KVP also.
It's taxable
Sir 1 lakh ki fd karwani hai maine...kahan pe karwaon SBI me 400 days wali ya fr 1 saal ki post office me...which one is better
Sbi me 400 days wali pe 7.10 roi hai aur post office ki 1 saal ki fd pe 6.9 hai
Sbi
@@investment_Tax_mutualfundsSBI kyun sir wahan to tds bhi ktega naa...meri koi earning nhi h sir...jo already account me paise padein h usi ki fd karwani h....post office ki 1 saal Vali better h yaa 400 din wali SBI ki
Sir..TDS naa Katwana ho to aap 15g form de sakte ho
❤❤❤❤❤❤
🙏
What you have explained, is just theoretical. Practically not possible.
*No person will sacrifice the Benefits ofeered by PPF AND SSY* (if he or she is eligible).
The compounding effects of both these *TAXFREE INSTRUMENTS* is much more than the *Marginal Tax Relief* one will enjoy by adopting what you have suggested in your video.
पानी की *चंद बूँदों (here, your TAXFREE NSC INTEREST) के लिए* कोई *पूरा सागर (here, PPF & SSY TAXFREE CORPUS) नहीं छोड़ेगा।*
सुनने में अच्छा लगता है।
But not a Feasible Solution. 👍🙏😊
Aisa nahin kahaa ki PPF mein kam kar ke tax NSC wala save kar lo. Assumed hai.
Agar PPF mein 140000 kiaa hai to ye situations hongi
@@investment_Tax_mutualfunds
आप सही कह रहे हो, पर ये भी तो सच है की, जितना आप PPF या SSY में कम निवेश करोगे, उतना ही आपके Final Corpus पर फरक पडेगा।
आप जो बता रहे हैं, वो सिर्फ उन लोगों के लिए लागू हैं, जो लोग Section 80C क़ा पूरा ईस्तेमाल नहीं करते हैं। 🙏😊👍
Yes
@@investment_Tax_mutualfunds 👍👏🙏😊
I believe interest in PPF is tax exempted
Yes, it is
What is AIS how to download
Annual information statement by income tax department
🖐️🖐️ 2024,,May NSC kia,,, tax hoga (( New interest))
Question not clear.
I feel 40255 pe hi tax lagega
Feeling ss tax nahi lagtaa sir. Rules se lagtaa hai
Sir 25 oct 2022 me maine 5 yr td krwai thi post office me 6.7 roi pe...ab agar 25 oct 2023 ko usko mai break krta hun to muje kitna amount milega overall... calculate krke btayein
Aur kitna paisa katega ?
4.7% rate milega
@@investment_Tax_mutualfundssir kitna katega 6870 interest me se
6870 aapki total income mejn add kar ke aapko total Income par tax slabs ke hisaab se tax lagaya jayega.
👍
Thanks