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
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RBI bonds for those in nil tax bracket
Replies (1)
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.
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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