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Top 10 tax saving options before you file I-T returns

Mon, Feb 13, 2012 at 18:20

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Infrastructure Bonds

What is it: Over and above the deduction allowed by the Section 80 C, one can save income tax on a maximum amount of Rs 20, 000, by investing in different infrastructure bonds. Covered by the Section 80 CCF of the Indian I-T Act, this bond has become very popular with schemes like L&T, REC, IDFC among others.

Maximum deduction: Rs 20,000

Average returns: The rate of interest  varies from 8 % to 8.7%.

Maturity period: 5 to 10 years.

Available at: Company, broker, demat account.

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