Money saved is money earned and now govt has given you an additional limit of Rs 20,000, however be wary of this fact that you will be locked in for 10 years in these bonds and thus invest after thorough deliberation. Do take time and check out earlier released tax saving infrastructure bonds issued by Larsen and Toubro.
We are here Presenting 80CCF tax saving - IFCI Long term infrastructure bonds - SERIES II details which means that now one can claim income tax upto Rs 1.2 Lakh (Rs 20,000 is new rebate and 1 Lakh is earlier rebate u/s 80CCC)
Salient Features of the Issue :
Specific terms of the Bond series: