Posts Tagged ‘tax free’

Zero Tax – How 10 Lac Income per year can be tax free?

Zero Tax – How 10 Lac Income per year can be tax free?

Zero Tax – In budget 2015 only few tax benefits were given to tax payer by finance minister. It was stated by finance minister in budget speech that tax payer can enjoy tax deduction to 4.44 Lac per year. But he actually missed up commonly available deduction to tax payers. If we add up all these deductions and exemptions, tax free income to tax payer will be more than 10 Lac. You must be wondering how it is possible to […]


Should you invest in Hudco tax free bonds?

Should you invest in Hudco tax free bonds?

After REC, PFC & IIFCL tax free bond Housing and Urban Development Corp (Hudco) is in market with tax free bonds. This issue will remain open from 9 January to 22 January. The issue seeks to raise Rs 750 crore with an option to retain up to Rs 5,000 crore.  HUDCO – Tax Free Bonds Issue Details:- Issue Size – Issue size of Rs.750/- Credit Rating – CARE AA+ & IND AA+ from IRRPL Frequency Of Interest payment – Annual […]


IIFCL’s tax-free bonds – Review

IIFCL’s tax-free bonds – Review

The third set of tax-free bonds IIFCL is about to get launched on 26th Dec,2012. The issue is worth Rs.1,500 crore for secured redeemable non-convertible bonds from India Infrastructure Finance Co. Ltd (IIFCL). The face value is Rs.1,000 per bond. The annual coupon is 7.19-7.90% per annum depending on the tenor and category of investors. Retail investors would get extra 50 basis points on interest offered. So you can earn up to 7.69% per annum for the 10-year bond, 7.86% […]


Invest in REC Tax free bond or Fix Deposit

Invest in REC Tax free bond or Fix Deposit

By March 2013, 10 government-owned infrastructure companies would issue Rs 53,500-crore worth of tax-free bonds. Interest income earned from this bond will be tax free. List of approved company for issuing tax free bonds are given below. These bonds are called as tax free as Interest received from these bonds will be free from income tax and won’t be part of any income. Out of this Power sector lender Rural Electrical Corporation’s (REC) is issuing 4,500-crore tax-free bond on 3rd December, 2012, […]


20 Tax free Incomes in India

20 Tax free Incomes in India

Tax is your single largest expense; Tax collected from an individual is used for building the nation (infrastructure & other development), to increase arms and ammunition for the defense of the country and for other welfare-related work. That’s why it is said that “Taxes are paid nation are made”. Although tax payment is good for the country but when it comes to paying tax most of us don’t like to pay hard-earned money to the government. Many of us even try […]