Tax Free Bonds in India 2015
In 2015, the government of India has permitted seven state owned companies to sell tax free bonds in India for the financial year 2015 for the purpose of raising an amount of Rs.40, 000. Listed below are the top seven tax free bonds offered by different companies in 2015:
State Owned Companies | Allocated Amount of Bonds |
National Highway Authority of India | Rs. 24,000 |
Indian Railways Finance Corporation | Rs. 6,000 |
Housing and Urban Development Corporation | Rs. 5,000. |
Indian Renewable Energy Development Agency | Rs. 2,000. |
Power Finance Corporation | Rs.1,000 |
Rural Electrification Limited | Rs. 1,000 |
NTPC Limited | 1,000 |