The New Provision -- Infrastructure Bonds

In the last Budget, provisions had been made for extra tax benefits in the form of infrastructure bonds over and above the regular Rs 1 lakh annual investments.  The interest, however, is taxable and is put at around 7.85% which, in current inflationary times together with the tax, would not amount to much. 

However, an article in Livemint analyses the situations where some benefit can be obtained, and concludes that perhaps the people who fall in the higher tax slabs of 20% and 30% could see some tax savings. 

Do read the article.