Web Sify
Follow us on
Sify.com » Topics » Brijesh Dalmia
Brijesh Dalmia News

Useful addition to portfolio, but no harm waiting
The long-awaited, tax-saving infrastructure bond issue is out. Industrial Finance Corporation of India (IFCI) is the first company to issue these, at 7.85 and 7.95 per cent. These bonds can lower your tax burden by Rs 2,000-6,000 a year, depending on the tax slab. A person in the lowest tax bracket, who pays 10 per cent income tax (Rs 1.6-5 lakh), can save Rs 2,060. The one in the 20 per cent tax