Saturday, June 30, 2012

Savings And Investment Scheme Guide For Indian Poor And Middle Class:Infrastructure Bonds

What Scheme Mean?
Infrastructure bonds are tax saving Investments which offer tax exemption on Investments upto Rs20000 under 80CCF in a financial year.

Eligibility
As to resident of India to Invest in this bond

Entry Age
No age Limit

Investment
Minimum:Rs5000
Maximum:Rs20,000 to avail tax deduction on Investment.
Bond value are based on issuer.

Interest
7.25% to 8% per annum depending on the issuer.

Account Holding Type
Individual,joint,HUF

Tenure
10 years

Tax Benefits
Long Term Bond Provide tax exemption.

How to Join The Scheme/Account/Deposit/Policy?
  • You need to fill the form provided by the bond issuer.
  • You need PAN card and Demat Account.
  • You can hold the account physical form or demat account.
  • Address and Identity proof.
  • Carry Original Document for verification.
  • A bond certificates will be issued if holding in physical.

Objective And Risk
The main objective of the Infrastructure bond is to offer tax deduction on investment upto Rs20,000.The Tax deduction based Section 80C.

Tips
Invest only if your objective is to lower your Income tax liability.

3 comments:

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