Click here to Download Income Tax Calculator ( All in One) for the Govt & Non Govt Employees for the Assessment Year 2015-16 ( This Excel Utility can prepare at a time your Tax Compute Sheet + Arrears Relief Calculation + Form 10E + HRA Calculation + Form 16 Part A&B and Part B)
As per the Income Tax Act and further amended Income Tax Department's time to time Notification and amended Section Under Section 80C is given below:-
National Savings Certificate (NSC): National Savings Certificate (NSC) is a 6-Yr small savings instrument eligible for section 80C tax benefit. Rate of interest is eight per cent compounded half-yearly, i.e., the effective annual rate of interest is 8.16%. If you invest Rs 1,000, it becomes Rs 1601 after six years. The interest accrued every year is liable to tax (i.e., to be included in your taxable income) but the interest is also deemed to be reinvested and thus eligible for section 80C deduction.
Kissan Vikas Patra ( K.V.P.):- Newly introduce this Kissan Vikas Patra by the Finance Budget 2014-15