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Debt

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Debt

  • Debt instruments can be classified as Government Bonds or Govt. Saving Schemes, which normally carry fixed interest / coupon rate. Debt instruments are used to protect capital and generate fixed returns over the time.
  • Note: The income we receive from above investments is called Interest. Normally, interest is a taxable income subject to your Tax slab. Only interest from specific Govt. Bonds called 'Tax Free Bonds' are completely exempted from Income Tax.