Infra bonds provide tax benefits apart from creating additional value by the time of maturity. Though the companies are not promising any assured returns, one can expect minimum returns on par with any saving schemes as the the sector will get highest priority by the Governments. These Infra Bonds are most effective in the case of high salaried people with 30 percent tax bracket. Following are these details of Long Term Infra Bonds for the year 2011-12
Showing posts with label Banking and Finance. Show all posts
Showing posts with label Banking and Finance. Show all posts
Income Tax Returns filing online or E-filing, How?
What is E-filing?
E-filing is a process of filing your returns the electronic way using the help of the internet. Various web portals have been designed and designated to help you file returns. So, without being bogged down by lengthy procedures, you could now use the internet to file your returns in the comfort of your home or office, at any time of the day.
E-filing is a process of filing your returns the electronic way using the help of the internet. Various web portals have been designed and designated to help you file returns. So, without being bogged down by lengthy procedures, you could now use the internet to file your returns in the comfort of your home or office, at any time of the day.
The benefits of IFCI Long term infrastructure bonds
Infrastructure Bonds – Benefit
Investment in long term infrastructure bonds would give you the following benefits:
Tax Saving - A long term infrastructure bond offers a tax benefit in the form of a deduction. The amount of tax saved would depend on the tax bracket one would fall under. To illustrate this benefit :
For a person in the highest tax bracket, a Rs 20,000 investment in long term infrastructure bonds could save a tax of around Rs 6,000 (Rs 20,000 X 30%)
Investment in long term infrastructure bonds would give you the following benefits:
Tax Saving - A long term infrastructure bond offers a tax benefit in the form of a deduction. The amount of tax saved would depend on the tax bracket one would fall under. To illustrate this benefit :
For a person in the highest tax bracket, a Rs 20,000 investment in long term infrastructure bonds could save a tax of around Rs 6,000 (Rs 20,000 X 30%)
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