NSC for Saving Tax of Senior Citizen

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  1. Sudhindra kulkarni

    Sudhindra kulkarni New Member

    Hi,

    Can a senior citizen claim tax benefits by showing NSCs in the current setup?

    If yes, what's the maximum limit ? How much tax can be saved by this ?

    Thanks
     
  2. Neha Sharma

    Neha Sharma Active Member

    Yes, you can claim tax deduction under section 80C for investment in NSC
     
  3. Sudhindra kulkarni

    Sudhindra kulkarni New Member

    Thanks Neha. Can you or anybody tell me whether there is any increased limit for senior citizens as far as NSCs are concerned ?
     
  4. Manoj Mehra

    Manoj Mehra Active Member

    The limit for Deduction under Section 80C is the same for everyone i.e. Rs. 1,50,000.

    This limit is applicable to everyone irrespective of whether the person is senior citizen or non-senior citizen
     
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