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- Tax Saving Bond
Tax
Saving Bond
The investor can
choose any/all of the following options in respect of Tax Saving
Bond :
|
Option
|
I
|
II
|
III
|
IV
|
| Tax Benefit
under Section |
88
|
88
|
88
|
88
|
| Issue
Price (Rs.) |
5,000
|
5,000
|
5,000
|
5,000
|
| Redemption
Period |
3
years |
3
years 6 months |
5
years |
5
years 6 months |
| Face
Value (Rs.) |
5,000
|
6,025
|
5,000
|
6,700
|
| Interest
(%) (p.a.)* |
5.50
|
Deep
Discount Bond
|
5.50
|
Deep
Discount Bond
|
| Frequency
of interest payment |
Annual |
N.A. |
Annual |
N.A. |
YTM
(%)*# $
(with tax benefits) |
11.7 |
10.5 |
9.4 |
8.6 |
| Minimum
Application |
1
Bond |
1
Bond |
1
Bond |
1
Bond |
| Maximum
Application |
20
Bonds
|
20
Bonds |
20
Bonds
|
20
Bonds
|
|
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|
| * |
Subject
to TDS as per the then prevailing tax laws. |
| # |
Rounded
off to nearest multiple of 0.1. |
| $ |
The
yield has been calculated assuming that a tax rebate of
15% is available to the eligible investors and that no surcharge
is payable in case of all the options. |
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