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:
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.
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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