National Saving Certificate and Deduction Section 80c

National Saving Certificate and Deduction Under Section 80c are related to each other. The Government of India issues this Certificate. It provides tax free interest half yearly(8%) and annually(8.16%). Deduction under section 80c is qualified by NSC. NSC is available only for individuals and there is no limit for investments. As you know that NSC qualifies deduction under section 80c, then at the and of the year you can reinvest the amount whatever has come from entire year. Likewise, the 5 year period interest portions is qualified for deduction section 80c. But wait for a while, you can't reinvest the 6th year interest because the 6th year interest is not eligible for deduction under section 80c. And taxable also. The another point to taken care of is that there is no pre-mature encashment. It is transferable to one person to another and one post office to another.

Deduction under section 80c

Deduction under section 80c is provided for various types of investments that are provided in section 80c. These are investments like Provident Fund, National Saving Certificate etc. Deduction under section 80c is one of the most important topics that are searched by the people over internet looking for tax deductible investments. Section 80c of the income tax act talks about the investments that are tax deductible. Thus whenever any investment related decision is made, reference must be made to section 80c.

TDS Rate on Salary

The TDS Rate on salary is not a single rate that can be referred to while deducting TDS. The TDS Rate for salary is actually the average rate of the rate in force for that financial year. Thus first the total tax needs to be calculated and then the average tax per month needs to be deducted every month. TDS on rent needs to be deducted by every person who is making any payment in the form of salary. While deducted TDS on Salary, reference must be made to the investments that the individual has made and any other income that he might have. Thus TDS on Salary is on average rate of income tax in force for that financial year.

Project Loan

If you are looking for some kind of project loan then it is important you first find one good project loan consultant. There are various project loan consultants in the market but one should be satisfied with their experience and no. of years in trade. One such Project Loan consultant is VRN Financial Services. They are truely one of India's prominent project finance firm.

Deduction under section 80c

section 80c is one section that gives details of the investment that will give eligibility. www.section80c.in is one website that gives details of the deduction that are available under section 80c. refer this website and get all your section80c related questions resolved.