usha
asked over 2 years ago
how is national saving scheme(NSS) is differ from national saving certificate(NSC)?
0
0
Answer Now
Comment
Report
2 Answers
acharya
answered over 2 years ago
NSS offers an interest rate of 9% whereas NSC offers 8.50% and 8.8% interest rate for NSC VIII Issue and NSC IX Issue respectively. Income tax rebate for both the invested principal as well as the earned interest up to RS. 9000/- is offered by NSS whereas interest on NSC will be taxable. Interest shall be compounded annually in case of NSS but it is half yearly for NSC.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
