IDFC Infrastructure Bonds 2012
According to section 80CCF, an amount not exceeding Rs 20,000 invested in long term infrastructure bonds shall be allowed to be deducted from the total income of an Individual or Hindu Undivided Family. This deduction shall be available over and above the aggregate limit of Rs. One Lakh as provided under sections 80C, 80CCC and 80CCD read with section 80CCE. Closes: 25th February.2012.
Presenting IDFC Infrastructure Bonds – Tranche 2.
SPECIFIC TERMS FOR EACH SERIES OF TRANCHE 2 BONDS
|
Series |
1 |
2 |
| Freequesncy of Interest Payment | Annual | Cumulative |
| Face Value per Tranche 2 Bond | Rs. 5,000 | Rs. 5,000 |
| Buyback Facility | Yes | Yes |
| Buyback Amount | Rs.5,000 per Tranche 2 Bond | Rs.7,590 per Tranche 2 Bond |
| Buyback Intimation Period | The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date | The period beginning not before nine months prior to the Buyback Date and ending not later than six months prior to the Buyback Date |
| Tenor | 120 months from the Deemed Date of Allotment | 120 months from the Deemed Date of Allotment |
| Interest Rate | 8.70% p.a. | N.A. |
| Maturity Amount | Rs.5,000 per Tranche 2 Bond | Rs.11,515 per Tranche 2 Bond |
| Yield on Maturity | 8.70% | 8.70% compounded annually |
| Yield on Buyback | 8.70% | 8.70% compounded annually |
TAX ADJUSTED RATE OF RETURN FOR TRANCHE 2 BONDS
|
Series |
Series 1 Tranche 2 Bond |
Series 2 Tranche 2 Bond |
| 10.3 | 10.40% | 9.88% |
| 20.6 | 12.40% | 11.23% |
| 30.9 | 14.80% | 12.78% |
| Tax Rate (%) | Tax Benefit adjusted rate of return on Buyback (with Tax Benefits up to Rs. 20,000 u/s 80CCF of the Income Tax Act, 1961) | Tax Benefit adjusted rate of return on Buyback (with Tax Benefits up to Rs. 20,000 u/s 80CCF of the Income Tax Act, 1961) |
| 10.3 | 11.51% | 11.08% |
| 20.6 | 14.80% | 13.82% |
| 30.9 | 18.73% | 17.03% |
Tags: IDFC Bonds, IDFC Infra Bonds, Infrastructure Bond, Tax Saving Bonds
IDFC Infra Bonds | admin January 16, 2012 | 
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