Question
What is the maximum limit to invest in NSC (National
Savings Certificates)?Solution
NSC comes with a fixed maturity period of five years. There is no upper limit for investments in the National Saving Certificates, but investments of up to Rs 1.5 lakhs in NSCs are liable for a tax reduction under section 80C of the Income Tax Act.
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Line graph given below shows the savings (in Rs.) and expenses (in Rs.) of four brothers namely P, Q, R and S.
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