Effective from 10th January'2018, the Government of India replaced 8% Government of India Savings (taxable) bonds, with new 7.75% Government of India Savings (taxable) bonds.Since bonds are issued on behalf of the Government of India, it is the safest investment any investor can look for.
Interest on the Bonds will be taxable under the Income-tax Act, 1961 as applicable according to the relevant tax status of the bond holder.Tax will be deducted at source (TDS) while interest is paid.
|Types of Bonds||Taxable Bond|
|Issuer||Government OF India|
|Min Invest Amt||Rs 1000/-|
|Max Invest Amt||No Limit|
|Type of Bonds||Cumulative & Non-Cumulative|
|Type Of A/c||Bond Ledger A/c|
|Eligible Investors||Individual & HUF|
|Tax||Interest is Taxable & also TDS is applicable|
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