LIC Infrastructure Bonds are an ideal investment for tax payers and investors. You will be saving additional tax on and above the current limit of Rs.1 lakh under 80C. This limit of Rs 20,000 per annum is in addition to Sections 80C, 80CCC and 80CCD.
Additional Rs.20,000 Tax Exemption under Section 80CCF.
LIC Infrastructure Bonds Features:
- Term: 10 years
- Minimum lock in period: 5 years
- Loan on Bond: After 5 years
- Interest Rate: 7.85%-7.95% after tax.
- Exit options: Buy back or through Demat account
- Open for Individual or HUF.
- Additional Rs.20,000 Tax Exemption under Section 80CCF
Tax Saving
Investments up to Rs 20,000 In Infrastructure bond will save tax of Rs 6180 if you fall in the highest tax bracket of 30% This way your net Investment will be only of Rs 13,820/-
LIC infrastructure bonds 2010 not only offers safety of your money but also offers fixed returns.
Term:
This LIC infrastructure bonds will have term of 10 years, however, you would be able to sell your bond in stock market or you may aslo ask LIC to buy back the bonds after 5 years.
The income on Infrastructure Bond will be taxable however, you will still get 7.85-7.95% return after paying tax.
How to Apply for LIC Infra Bond?
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I WANT LIC INFRASTRUCTURE BOND
I want to buy LIC Infra Bonds.
please tell infrastructure bond will be launched by Lic of India or Lic Mutual fund
I need to apply immediately for these bonds. Please let me know when the bond will be launced, indicating the closing date.
please notrify me
LIC Infrastructure Bonds launch dates
when is the LIC Infrastructure bonds (80CCF) being launched ?
inform me when tax saving infrastructure bonds under 80CCF being launched
I want to apply for this policy. Pls let me know when this bond is launched.
thanks
Priya
please send me details abouts bonds
please call for infrastructure bond u/s 80CCF MOB-9324622026
pl inform when tax infrastructure bonds are being launched
How do I apply online for LIC tax saving Infrastructure bonds?