RATES OF INTEREST ON NSC
\
| Year |
After 28.2.2001
but before 1.3.02 |
After 28.2.2002
but before 1.3.03 |
After 28.2.03 |
| 1st Year |
9.72 |
9.20 |
8.16 |
| 2nd Year |
10.67 |
10.05 |
8.83 |
| 3rd Year |
11.71 |
10.97 |
9.55 |
| 4th Year |
12.85 |
11.98 |
10.33 |
| 5th Year |
14.10 |
13.09 |
11.17 |
| 6th Year |
15.47 |
14.29 |
12.08 |
|
74.52 |
69.58 |
60.12 |
Notes :
Surcharge @ 2% is applicable only in case of Non-Domestic Companies where payments exceed Rs. 1 cr.
Education cess @ 3% is applicable in all cases.
Interest on delay in deposit of tax after deduction
| Stage of deduction |
Upto 30th June 2010 (Rate per month or part of the month) |
From 1st July 2010 (Rate per month or part of the month |
| From date when deductible till actual deduction |
1% |
1% |
| From date of deduction till payment |
1% |
1.5% |
