Will PPF, NSC, etc follow EEE or EET if invested during Apr 2011 and Mar 2012

If I invest in PPF or NSC today will I be excempted from tax on withdrawal on maturity.

asked Jun 23 '11 at 17:18 by Nagendra S 1●1●1●1

One Answer:

Interest earned from NSC is taxable as per tax slab rates. NSC is under EET as of now too. After DTC (Direct tax code) comes into play from 1st April 2012, even investment won't be non-taxable too.

Investment in PPF is under EEE regime as of now. It will remain under EEE even after DTC implementation. Interest received on withdrawal is non-taxable.

answered Jun 23 '11 at 22:34 by Pankaj Batra 5.2k●3●20

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

direct-tax-code ×40
dtc ×26
ppf ×14
eet ×2
nsc ×2
eee ×1

Asked: Jun 23 '11 at 17:18

Seen: 2,935 times

Last updated: Jun 23 '11 at 22:34

Will PPF, NSC, etc follow EEE or EET if invested during Apr 2011 and Mar 2012

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions