0
IFCI Infrastructure Bond Series II are tax free bonds. Investment in IFCI infra bond is tax exempt upto a maximum limit of Rs 20,000 under section 80CCF of Income Tax Act. This exemption is over and above Rs One Lakh exemption under section 80C of Income Tax Act.
This bond is just like a bank FD. The interest rate is 8.25%. If you add the benefit of tax exemption the effective interest rate becomes 14.25% (If you are in 30% tax slab). This is also a good investment to diversify your portfolio.
The issue is closing on 31st December. Investors with DMAT account can buy online. Investors who do not have DMAT account can invest by first downloading the application form from ifciltd.com
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Municipal Bond Tax Equivalent Yield?
Municipal Bond Tax Equivalent Yield This calculator will estimate the tax-equivalent yield (TEY) for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in your state of residence, you can also avoid state income taxes. Use this calculator to determine the yield required by a fully taxable bond to earn the same after tax income as a municipal bond.
What is the EQ yield of a municipal bond?
The taxable equivalent yield for a muni bond shows what you would have to earn on a taxable bond to equal the after tax return on a muni bond. Example, a muni bond has a EQ yield of 5% and you pay 20% federal income tax. The muni would actually pay interest of 4%. This is because if a taxable bond pays 5% and you pay 20% taxes, you would actually get after tax 4% (20% of 5% is 1%. 5%-1%=4%).
What tax advantage saving plan designed to encourage savings for future college costs?
529
Into what categories are mutual funds known as bond funds divided?
Main categories in taxable bond funds are corporate bond funds, high-yield funds, world bond funds, government bond funds, and strategic income funds. The main tax-free bond fund categories are state municipal bond funds
Difference between bond issue vs tax levy?
A bond is a formal secured debt contract to repay borrowed money with interest.A tax levy is paid by an individual or a business to payoff back taxes, like wage garnishment, wage levy, bank levy. The IRS issues wage garnishments and bank levies on taxpayers who owe back taxes or have not filed their tax returns. When a tax levy is issued, the taxpayer has options and rights to resolve their tax problem and release or stop the levy.
What is the purpose of tax free bond funds?
The purpose of tax free bond funds is help investors gain interest while saving on the tax. One may find out more information from the articles listed on the site "Money Control".
What is tax saving?
It means to save tax
What are the main uses of tax revenue?
Infrastructure building.
What did the roman spend its tax money on?
Infrastructure and military.
How is a tax-exempt bond different from a bond sold by a company?
A tax exempt bond is issued by a municipality. The tax exempt status is not a property of the bond itself but is a result of tax legislation regarding municipal bond interest as being tax exempt. The interest rates on the bonds (the amount paid to the bond holder) are usually lower than on corporate bonds but because of the tax exempt status the lower rate may or may not result in a higher after tax yield depending on the rates of the two bonds and the tax bracket of the bond holder.
What are the tax saving schemes in India?
Tax Saving Schemes in India:Post your tax queries in http://www.etaxmentor.com/etmc/eTaxMentorPages/Query.aspxfor free............We are happy to help you.http://www.etaxmentor.com
Municipal Bond Tax Equivalent Yield?
Municipal Bond Tax Equivalent Yield This calculator will estimate the tax-equivalent yield (TEY) for a municipal bond. Income generated from municipal bond coupon payments are not subject to federal income tax. In addition, if the bond was issued in your state of residence, you can also avoid state income taxes. Use this calculator to determine the yield required by a fully taxable bond to earn the same after tax income as a municipal bond.
What is the symbol for Eaton Vance Tax-Advantaged Bond in the NYSE?
The symbol for Eaton Vance Tax-Advantaged Bond in the NYSE is: EXD.
How do people get tax free savings?
People get tax free saving by making a tax free savings account. TFSA is a flexible registered , general-purpose saving vehicle that allows people to earn tax free investments income.
In what year did Eaton Vance Tax-Advantaged Bond - EXD - have its IPO?
Eaton Vance Tax-Advantaged Bond (EXD)had its IPO in 2010.
What has the author Stephen Bond written?
Stephen Bond has written: 'Corporation tax and inflation'
How do economists define saving?
That part of after-tax income which is not consumed.
