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Friends & Family
financial advisor for small saving
National Savings Scheme
Indian Postoffice Savings
National Savings Scheme (NSS) offers an assured return and tax rebates under Income Tax Act. The rate of interest is 9 per cent per annum, compounded annually.
NSS is available at post offices across India. You can open only one account in a year. There is no prescribed upper limit to the amount you might want to invest in the scheme.
NSS is mostly viewed upon as a tax-saving instrument. It combines growth in money (capital appreciation) with cuts in tax outgo.
Since the NSS has a fixed rate of return, it cannot provide adequate safeguards against high inflation rates, but it helps as an instrument to reduce income tax liability.
rakesh [ 30Jun08]
tax calculator year wise for n.s.c.
to find out year wise acccrued interest
R.Jayaraman [ 08Nov08]
Dear Sir,
On 31/03/1990, I opened an NSS account with Post Office.The present balance is Rs 260000/- I did not withdraw any amount till 2006. From 2006, I have been withdrwaing Rs 50,000/- annually.I am 71 years of age and not in very good health.I would kike to close the account and withdraw the entire amount without deduction of tax at source, as dealing with the Income Tax Department is not a pleasant exercise.The department owes refunds for over 10 years. Inspite of writing to Grievance Cell and the Income Tax Ombudsman there is no reply.Hence my desire to withdraw without deduction of tax at source.Obtaining a refund after deduction of tax will not be possible in my lifetime Hence the desire to close the account without deduction of Tax.
Shall be thankful for your views in the matter.
Regards
R.Jayaraman.
email rjraman37@yahoo.co.in
Chetan Shah [ 12Nov08]
Dear Sir
I M looking for a good handy, easy to operate software for managing my post offcie client database for small savings like PO Recurring Deposite MIS NSC KVP TD data entry and report printing. Please suggest some good software package.
Munish Garg [ 14Jan09]
Dear Mr. Chetan Shah,
There is a very good softwar for managing post office client database for small savings like PO recurring deposits, MIS, NSC, KVP, TD Data entry and report printing. You can goto the website http://www.ensolindia.co.in or call at 098720 82685 or 094171-23757
amreshjain [ 18Jan09]
Dear Sir
I M looking for a good handy, easy to operate software for managing my post offcie client database for small savings like PO Recurring Deposite MIS NSC KVP TD data entry and report printing. Please suggest some good software package.
pls contact my email parsola@yahoo.com
N S V Shet [ 20Jan09]
I have already invested Rs. 80,000=00( Rs. 70000=00 in PPF and another 10000=00 in LIC etc. ) please advise me best possible safe scheme to make it 100000=00.
Ankaiah [ 02Feb09]
Dear Sir,
I am intersted to open new account,is it possible to invest money monthly.
Can U please provide me full details.
Thanks in advance
Regards,
Anki
bipin jhaldiyal [ 06Feb09]
Dear Sir,
How can i verify the national saving certificate i have purcheased? please give me the address of web site which i serch for the verification
Sunder Rajan [ 27Apr09]
Hi,
I would like to open an account with NSC. Let me know the benefits for saving tax..
Initially I would like to go for an investment of 30000..
Sabi Ul Hassan [ 06Aug09]
Dear Sir, being a NRI can open the NCS account.
Look forward to hearing from you soon.
Thanks
Sabi-Ul-Hassan
DHANESH GAEG [ 18Dec09]
sir
i want to invest my money for tax saving purpose, i am working in private sector job, please giude me for more information
thanking you’s
Mukesh Kumar Gupta [ 11Feb10]
I am having NSC of Rs.15000. Date of issue 13Feb,2004 and after six month I want to withdraw my amount.Please tell me where I have to contact.
NSC No.:32DD 024802/o3/04
jayant naik [ 25Apr10]
i am having a nss. account in the post. i project my int. on the same every yr. i want to with draw the whole amount will the post people deduct any i.t. from my n.s.s
Dr jayant naik
jayant naik [ 25Apr10]
i am having N.S.S.for the last 20yrs. projecting the int. in the return every yr. i want to withdraw whole amount. do the post deduct any income tax on my balance Dr. jayant naik
02632-233219 `rushikesh`chanvai rd. atpost. parnera tal.dist.valsad gujarat 396020
Stanley Coutinho [ 16May10]
I had opened an NSS-87 account in Nagpur Head PO. As the withdrawals were taxable I have refrained from it. But after having updated my entry in the pass book sometime in 1999, I have misplaced the said book. Is there any way of getting my number from the concerned post office?
Leela Nambiar [ 20May10]
I am having a NSS opened during my service period for saving my deduction in Income Tax. It is now about 15 Years back opened account. Now I am retired & wants money & I wants to know how much can I withdraw every year without deduction of tax. I am a retired Municipal employee & I do get my pension. Please Advice. Can I withdraw the full amount without any deduction.My e mail id is leelapks@gmail.com
Thanks,
Nambiar
Rammohan [ 20Jun10]
Pls advice me the best tax free savings scheme for a monthly income.