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RBI bonds for those in nil tax bracket


AMAR GANDHI (Service)     29 May 2020

AMAR GANDHI
Service 
 51 points

| My Other Post

My wife's  annual taxable income is less than ₹ 2.5 lacs. Is it good to invest in RBI 7.75% Bonds in this case?

Please help me with my query.

Thanks

Rohit Tulshyan   29 May 2020

Rohit Tulshyan

 10 likes  156 points

View Profile | My Other Post

Simply for a Citizen of India if the total Income is upto 5 lacs he/she does not need to pay tax. In your case the Income is less than 2.5 lacs , so you can invest in these bonds as no taxability will arise in case your income is upto 5 lacs.

but you should aware that the RBI 7.75% bonds have a tenor of seven years. you can not sold before that time period and premature is not
allowed.
it's just my view on it.


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