What Are Tax Free Investments In India
What Are Tax Free Investments In India. The earnings are 6.8% p.a. These bonds are issued by the national highway authority of india.
As the name suggests the interest received is tax free. Nscs can be pledged with banks for taking loans. Interest received on tax free bonds 2.
The Earnings Are 6.8% P.a.
In a tax saving bond, only the initial investment is free from tax. Interest on nre accounts 4. As the name suggests the interest received is tax free.
Interest On Fixed Deposit For Senior Citizens Up To Rs 50,000 5.
1) but the tax saving bonds don't offer this benefit. 1.5 lac helps you in tax deductions. Following is the list of tax free investments in india:
Citizen Savings Scheme, 7.75% Goi Bonds Etc., Can.
One of them is the pf (provident fund) and the other investment option is tax free bonds. Tax free bonds are good source of regular income for people in higher tax bracket. Nhai 2 tax free bonds.
Equity Linked Savings Schemes (Elss) For Mutual Fund Investment:
Interest on saving account up to rs 10,000 3. These bonds are issued by the national highway authority of india. Nscs can be pledged with banks for taking loans.
You Can Buy The Tax Free Bonds Listed On The Bse.
Learn & invest in top 6 tax free investments in india @ icici prulife. In simple terms, you are lending money to these government public sector companies. The nhai 2 series tax free bonds come at a price of rs 1100.
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