Clarification Wanted on Tax on NSC Schemes

ramanujachari raghavan to me

GOOD SERVICE.
WOULD U CLARIFY FROM THE RECENT ARTICLE IN TIMES OF INDIA,
THAT ALL SAVINGS SCHEMES IS TAXABLE BEYOND 3500/- IN A FINANCIAL YEAR.

SUPPOSE IF I AM INVESTING IN NSC FOR HOW THE TAX WILL BE DEDUCTED
AT THE END OF MATURITY PERIOD SAY 5 YEARS = PRESENTLY 6 YEARS.
THANKS
RAGHAVAN




rgvan2001@yahoo.com