Tuesday, February 1, 2011

Save Income Tax up to 10%,20% or 30%

Friends,  If you have taxable income after saving 1,00,000.00 in 80C and you want to save further money for saving of Income Tax, IDFC has released infrastructure Bond.  Last date for investment in IDFC Bond is 4th Feb, 2011.  There are two type of investment i.e. cumulative or non-cumulative.  Minimum investment is Rs. 5000/- for a bond.   Income Tax benefit is available for  investment in IDFC Infrastructure Bond under section 80CCF.  Maximum investment in IDFC Bond for taking deduction u/s 80CCF  worth  Rs. 20000/- can be done.  

Saving of Income Tax depends upon your Income Tax Slab:-
  1. If you are paying 10% income tax slab, then 10% of Rs. 20,000/- = 2,000.00 can be saved.
  2. If you are paying 20% income tax slab, then 20% of Rs. 20,000/- = 4,000.00 can be saved.
  3. If you are paying 30% income tax slab, then 30% of Rs. 20,000/- = 6,000.00 can be saved.

To download form or complete enquiry  regarding IDFC Infrastructure Bond (click here.)

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