NSC interest and compounding calculation

Income Tax Tax Savings & Deductions
1

How to calculate NSC interest and when to compound it?
For eg lets say Rs100 invested on 27th Jan 2022 at 6.8%.

Should we calculate the interest from 27th Jan 2022 - 26th Jan 2023, add it to the principal, then calculate again from 27th Jan 2023 to 31st Mar 2023?

2

Hi @Siddharth_Shah

Quicko is a DIY (Do it Yourself) tax planning and filing platform.

So, here’s how you can prepare your Income Tax Return on Quicko & proceed to E-file.

For expert assistance with your taxes, here’s how you can Book a MEET.

Hope this helps.