Tax-Free Bonds by NCRPB Under Section 10(15)(iv)(h) Offer 9.70% Annual Interest Over Seven Years

The Central Government has specified tax-free bonds issued by the National Capital Region Planning Board (NCRPB) under section 10(15)(iv)(h) of the Income-tax Act, 1961. These bonds, known as the 2006 (Series-I), are valued at five lakh rupees each, offering an interest rate of 9.70% per annum over seven years, with a total issuance amount of sixty crores rupees. They are identified by distinctive numbers from 9029 to 10228. The tax-free benefit applies only if the bondholder registers their name and holding with the NCRPB.

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