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About Tax Free Infrastructure Bonds

Infrastructure bonds are offered by infrastructure finance companies, with prior approval of Govt. Of India. To promote the infrastructure growth , govt have offered investors tax benefit max upto Rs.20,000/-.

Capital raised under these issue is used in infrastructure development projects like projects of National Highways, power plant projects like thermal, hydroelectric power plants and other infrastructure projects.

This product offers investors saving as well as tax bachat.Its only product available in 80ccf section unlike crowded section 80C.

Investor in 30% tax bracket saves a tax of Rs.6000+Service tax + Ed sess = Rs.6,600/- .

If we consider an average rate of 8.30% per annum, calculation is as shown in the following table.

Capital Invested Rs.(A)

Tax Bracket

Tax Saved(ST + Cess) (B)

Effective amount invested(A-B)

Maturity value Rs.

Effective Interest rate Compounded pa

20,000

30%

6,600

13,400

29,800

17%

20,000

20%

4,400

15,600

29,800

13.8%

20,000

10%

2,200

17,800

29,800

10.80

 
Though interest earned is taxable, all the debt products whether bank deposits, company deposits, debt funds get the same tax treatment and income is taxable in each case.
 
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Download Section 80CCF Tax Saving IDFC Infrastructure Bonds Application Form

 

https://sites.google.com/site/infrabondapplications/home/IDFC-Infrastructure-Bond-Application-Forms

 

Download Section 80CCF Tax Saving L&T Infrastructure Bonds Application Form

 

https://sites.google.com/site/infrabondapplications/home/l-t-long-term-infrastructure-bond-for-year-2011---2012

 

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