A tax payer can claim deduction in respect of investments made by him, in NSC in the year of investments, under Section 80 C within the overall limit of ₹1.50 lakh. The interest accrued on NSC is fully taxable
The Republican-dominated South Carolina House has unanimously passed a $600 million income tax cut in less than 15 minutes of debate. Much of that short time Wednesday was spent with Democrats praising the proposal.