Buy Tax Saving Mutual Funds Online
Current open Infra Bond Application form
Download HUDCO Tax Free Bond Application Forms
IRFC / PFC / NHAI / HUDCO / REC bonds score well for those in the highest tax bracket. So if you invest Rs 1 lakh in these bonds, and are in the highest tax bracket, you will get an interest income of . 8,300 per annum for 15 years which is tax free. As against this, even if you earn a 9% interest on a bank fixed deposit and you are in the highest tax bracket (30.9%) you will earn an interest of Rs 9,000 per annum but will pay a tax of Rs 2,781, so the net interest you earn is only Rs 6,219, which is a yield of 6.22%
IRFC / PFC / NHAI / HUDCO / REC Tax Free Bonds and PPF
Tax-free interest of 8.3% is the highest available after PPF, and there is no upper ceiling on investment. Though PPF offers you an interest of 8.6%, it is subject to revision and the maximum amount you can invest is only Rs 1 lakh per annum.
Caution
Even though the bonds will be listed, one is not sure if there will be an active secondary market for these bonds. Hence, if you need the money in between, you may have no other way out.
How to Apply for IRFC Tax Free Bonds ?
Download IRFC Tax Free Bonds below and fill up, attach all the required documents and submit it to any of the collection centre below:
| Options | I | II |
| Tenor | 10 Years | 15 Years |
| Face Value(Rs./Bond) | `1,000.00 | `1,000.00 |
| Minimum Application Size | ` 10000 or 10 Bonds | ` 10000 or 10 Bonds |
| In Multiples of | ` 5000 or 5 Bonds | ` 5000 or 5 Bonds |
| Coupon Rate (%)p.a. | ||
| Retail (Category III) | 8.15%* | 8.30%* |
| Others (Category I & II) | 8.00% | 8.10% |
| Interest Payment | Annually | Annually |
| Interest Payment Date | October 15, every year | October 15, every year |
| Redemption Date | 10 Years from the Deemed Date of Allotment | 15 Years from the Deemed Date of Allotment |
| Maturity Amount | Face Value + Interest Accrued at the Redemption Date | Face Value + Interest Accrued at the Redemption Date |
Highlights of Tax Benefits
Ø The income by way of interest on these Bonds is fully exempt from Income Tax and shall not form part of Total Income as per provisions under section 10 (15) (iv) (h) of IT Act.
Ø There will be no deduction of tax at source from the interest, which accrues to the bondholders on these bonds irrespective of the amount of the interest or the status of the investors.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- HDFC TaxSaver
- ICICI Prudential Tax Plan
- DSP BlackRock Tax Saver Fund
- Birla Sun Life Tax Relief '96
- Reliance Tax Saver (ELSS) Fund
- IDFC Tax Advantage (ELSS) Fund
- SBI Magnum Tax Gain Scheme 1993
- Sundaram Tax Saver
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Application form for Tax Saving Infrastructure Bond and more information
Current open Infra Bond Application form
Submit filled up application Collection canter near you
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How to apply to IRFC Bonds?
Apply for IRFC Tax Free Bonds forms below
Download IRFC Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
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How to apply to HUDCO Bonds?
Apply for HUDCO Tax Free Bonds forms below
Download HUDCO Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
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How to apply to REC Bonds?
Apply for REC Tax Free Bonds forms below
Download REC Tax Free Bond Application Forms
Submit the filled up form to Collection canter near you
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