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🇮🇳 ADVANCED NSC CALCULATOR (NATIONAL SAVINGS CERTIFICATE)
💡 INSTITUTIONAL KNOWLEDGE
- THE "DOUBLE 80C" BENEFIT: The initial investment qualifies for up to ₹1.5 Lakh tax deduction under 80C. Furthermore, the interest accrued each year (for the first 4 years) is considered "reinvested" and qualifies for 80C deduction again!
- FIXED RETURNS & SOVEREIGN GUARANTEE: NSC is backed by the Government of India, making it 100% risk-free. The interest rate is locked at the time of purchase and does not fluctuate.
- TAXATION AT MATURITY: While the interest for the first 4 years is tax-free due to reinvestment under 80C, the interest earned in the final 5th year is taxable as per your income tax slab.