Tax saving in India which is limited to 1 Lakh Rupees only can be extended to 20000 more with help of these infrastructure bonds.
With this new tax benefit, one can save more Rupees upto 1.2 Lakh which is Rs 20000 more than the present one lakh Rupees.
This will begin from 17th january and ends till February 4th 2011. So there is almost 18 days period for applying to this infrastructure bond.
For more information regarding this, you can visit the official site of IDFC. Please visit this link for more information http://www.idfc.com/media_room/press_releases17.htm.
The Infrastructure Development Finance Company Limited also called IDFC is one of the India’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services.
