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What is the advantage in declaring interest on the NSC every year?

April 26, 2017advantage declaring NSC year

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What is the advantage in declaring interest on the NSC every year?

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By declaring the interest every year, your tax liability is spread out, else you will be taxed on the whole interest on maturity loosing the below advantage. Declaring interest in the first 5 years is also deductible along with Life insurance premium, PPF deposits etc.