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4th April 2016, 10:32 AM
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Join Date: May 2012
Re: Tax Saving Bonds In India

Here are Tax Saving Bonds in India

Tax Deducting Sections

In India, the following sections of the Income Tax Act of 1961 state the exemptions and remuneration that are to be provided to the tax saving bonds:

80C
80CCF
80CCC
54EC
80CCD

Section 80CCF-

The Section 80CCF was introduced in the Union Budget for 2010-11. It is supposed to offer deductions in income tax for investments in long term infrastructure bonds.

RBI Relief Bonds-

The smallest amount investment limit for these bonds, issued by the RBI, is INR 1000 and the interest of these bonds is compounded every 6 months.

These bonds have a maturity period of 5 years and the interest earned on these bonds is tax free.

The holders of these bonds may opt to either obtain the interest every 6 months or after maturity. The half yearly RBI bonds are preferred by investors who want a consistent and fixed income.

IDFC Infrastructure Bonds-

Each IDFC infrastructure bond has a face value of 5000 rupees and the minimum investment limit is INR 10 thousand.

Infrastructure Bonds-

Infrastructure bonds given by leading private sector banks such as ICICI are extremely popular among investors.

NHAI/REC Bonds-

The NHAI/REC bonds offer tax benefits as stated under the Section 54EC of the Income Tax Act of 1961.

Tax payers may save taxes if they invest capital gain derived from transferring a long term capital asset in REC or NHAI bonds.


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