{"id":11261,"date":"2026-01-03T07:33:57","date_gmt":"2026-01-03T07:33:57","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=11261"},"modified":"2026-04-15T06:58:41","modified_gmt":"2026-04-15T06:58:41","slug":"what-are-the-tax-implications-of-investing-nbfc-bonds","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/","title":{"rendered":"What are the Tax Implications of Investing in NBFC Bonds?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When you invest in NBFC bonds, you can earn income in two ways:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Through \u201cinterest income\u201d, which is calculated at a predetermined interest rate<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Through \u201ccapital gains\u201d, which arise if you sell the bond at a price higher than its purchase cost.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Both forms of income are taxable under the Income Tax Act, 1961, though the tax treatment differs for each. <\/span><i><span style=\"font-weight: 400;\">Want to learn about them?<\/span><\/i><span style=\"font-weight: 400;\"> In this article, let\u2019s check out the latest <\/span><span style=\"font-weight: 400;\">NBFC bond tax implications <\/span><span style=\"font-weight: 400;\">as per the latest amendments introduced under the Union Budget 2025.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#What_is_the_Tax_Treatment_of_NBFC_Bond_Income\" >What is the Tax Treatment of NBFC Bond Income?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Example_1_Periodic_Interest_Payout_Monthly_Quarterly_Annual\" >Example 1: Periodic Interest Payout (Monthly\/ Quarterly\/ Annual)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Example_2_Cumulative_or_Interest-at-Maturity\" >Example 2: Cumulative or Interest-at-Maturity<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#What_is_the_Latest_Capital_Gains_Tax_on_NBFC_Bonds\" >What is the Latest Capital Gains Tax on NBFC Bonds?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Example_1_Listed_NBFC_Bond\" >Example 1: Listed NBFC Bond<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Example_2_Unlisted_NBFC_Bond\" >Example 2: Unlisted NBFC Bond<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#To_Sum_Up_NBFC_Bond_Tax_Implications_Arise_in_the_Form_of_Taxable_Interest_Income_Capital_Gains_Made_On_Exit\" >To Sum Up, NBFC Bond Tax Implications Arise in the Form of Taxable Interest Income + Capital Gains Made On Exit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#NBFC_Bond_Tax_Implications_FAQs\" >NBFC Bond Tax Implications FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Are_there_any_tax_benefits_of_investing_in_NBFC_bonds\" >Are there any tax benefits of investing in NBFC bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#How_much_TDS_is_deducted_on_interest_income_from_NBFC_bonds\" >How much TDS is deducted on interest income from NBFC bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Can_I_skip_accrual_of_interest_income_and_pay_tax_once_in_the_year_of_maturity\" >Can I skip accrual of interest income and pay tax once in the year of maturity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-are-the-tax-implications-of-investing-nbfc-bonds\/#Can_I_index_my_purchase_cost_while_calculating_capital_gains\" >Can I index my purchase cost while calculating capital gains?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Tax_Treatment_of_NBFC_Bond_Income\"><\/span><span style=\"font-weight: 400;\">What is the <\/span><span style=\"font-weight: 400;\">Tax Treatment of NBFC Bond Income<\/span><span style=\"font-weight: 400;\">?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Interest earned from NBFC bonds is 100% taxable under the head \u201cIncome from Other Sources\u201d in the year it accrues or is received. Such an interest income is added to your income for the financial year under the head \u201cIncome from Other Sources\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consequently, it gets <a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/investment-options-for-people-in-the-tax-bracket\/\">taxed<\/a> at your applicable income-tax slab rate (5%, 10%, 20%, 30% plus surcharge and cess). Be aware that there is no concessional or special tax rate for NBFC bond interest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, if we specifically talk about the \u201ctax treatment\u201d of interest income from NBFC bonds, it depends on whether:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The bond pays interest periodically (monthly, quarterly, or annually)\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">or<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accumulates interest and pays it only at maturity<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In both cases, the primary difference lies in the \u201ctiming of taxation\u201d. When interest is paid periodically, the actual interest received during a financial year is added to your total income and taxed accordingly. In contrast, if you opt for a cumulative<a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/how-can-one-diversify-their-portfolio-with-nbfc-bonds\/\"> NBFC bond<\/a> where interest is paid only at maturity, the interest must be \u201caccrued annually\u201d and included in your total income every year (even though the amount is not actually received).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s understand it better, through two examples:<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Example_1_Periodic_Interest_Payout_Monthly_Quarterly_Annual\"><\/span><span style=\"font-weight: 400;\">Example 1: Periodic Interest Payout (Monthly\/ Quarterly\/ Annual)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Investment Amount (A)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Coupon Rate (B)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Interest Payout<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Annual Interest (A x B)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b95,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10% p.a.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Quarterly<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b950,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Since you have chosen the quarterly interest payout option, the entire interest of \u20b950,000 is actually received during the financial year. It must be added to your income for the financial year under the head \u201cIncome from Other Sources\u201d. As a result, it becomes a part of your total income and gets taxed at your applicable slab rates.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Example_2_Cumulative_or_Interest-at-Maturity\"><\/span><span style=\"font-weight: 400;\">Example 2: Cumulative or Interest-at-Maturity<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Investment Amount (A)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Coupon Rate (B)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Interest Payout<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Annual Interest (A x B)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b95,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10% p.a.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">At maturity (no interim payouts)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b950,000<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Since you have opted for the cumulative investment option, no interest is actually credited to your bank account during the tenure of the bond. However, for income-tax purposes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The interest income of \u20b950,000 continues to accrue each year\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Must be included annually in your taxable income under the head \u201cIncome from Other Sources\u201d (even though it is received only at maturity).<\/span><\/li>\n<\/ul>\n<p><i><span style=\"font-weight: 400;\">Okay, so what will be the tax treatment on maturity?<\/span><\/i><span style=\"font-weight: 400;\"> At maturity, you are not required to add the entire maturity amount to your total income. Instead, you only need to include the interest income that accrues for the maturity year.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Reason?<\/span><\/i><span style=\"font-weight: 400;\"> By accruing interest annually + including it in your total income, you have already paid tax on the interest for all previous years. Now, taxing the full maturity amount again would result in \u201cdouble taxation\u201d. Therefore, only the interest related to the final year is taxable in the year of maturity.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Latest_Capital_Gains_Tax_on_NBFC_Bonds\"><\/span><span style=\"font-weight: 400;\">What is the Latest <\/span><span style=\"font-weight: 400;\">Capital Gains Tax on NBFC Bonds<\/span><span style=\"font-weight: 400;\">?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Besides earning interest income, you can also benefit from \u201ccapital gains\u201d by selling your NBFC bonds before maturity in the secondary market. Now, the tax rate applicable to these gains depends on the \u201cholding period\u201d, which is how long you held the bond before selling or redeeming.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on this holding period, capital gains are classified into two categories:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Short-Term Capital Gains (STCG)<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Long-Term Capital Gains (LTCG)<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">It is important to note that the rules for determining STCG and LTCG differ depending on whether the NBFC bond is \u201clisted\u201d or \u201cunlisted\u201d. Let\u2019s see how this classification is made and how each type of gain is taxed:<\/span><\/p>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Aspect<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Listed NBFC Bonds<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Unlisted NBFC Bonds<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Market status<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Listed on recognised stock exchanges<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not listed on any exchange<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Eligibility for LTCG<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Yes<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Holding period for LTCG<\/span><\/td>\n<td><span style=\"font-weight: 400;\">More than 12 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not applicable<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Holding period for STCG<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Less than 12 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Always short-term<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">If sold within 12 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">STCG will be\u00a0 taxed at the applicable slab rate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">STCG will be taxed at the applicable slab rate<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">If sold after 12 months<\/span><\/td>\n<td><a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2035596&amp;reg=3&amp;lang=2\"><span style=\"font-weight: 400;\">LTCG will be taxed at 12.5%<\/span><\/a><span style=\"font-weight: 400;\"> (no indexation)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Still treated as STCG<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Indexation benefit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not available<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Not available<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><i><span style=\"font-weight: 400;\">Note: Tax rules are subject to change. Investors must do their own research before investing.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Now, to better understand the <\/span><span style=\"font-weight: 400;\">capital gains tax on NBFC bonds, <\/span><span style=\"font-weight: 400;\">let\u2019s study some hypothetical examples.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Example_1_Listed_NBFC_Bond\"><\/span><span style=\"font-weight: 400;\">Example 1: Listed NBFC Bond<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Purchase Price (A)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Holding Period<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Sale\/Redemption Value (B)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Capital Gain (B &#8211; A)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b91,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15 months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b91,15,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b915,000\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Since the bond is listed and held for more than 12 months, the gain qualifies as Long-Term Capital Gain (LTCG). The tax rate of 12.5% (without indexation) will be applicable. The final tax liability would be \u20b91,875 (\u20b915,000 x 12.5%) + applicable cess.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Example_2_Unlisted_NBFC_Bond\"><\/span><span style=\"font-weight: 400;\">Example 2: Unlisted NBFC Bond<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"pcrstb-wrap\"><table>\n<thead>\n<tr>\n<th><span style=\"font-weight: 400;\">Purchase Price (A)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Holding Period<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Sale\/Redemption Value (B)<\/span><\/th>\n<th><span style=\"font-weight: 400;\">Capital Gain (B &#8211; A)<\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b91,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3 years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b91,20,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b920,000\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">Although the unlisted bond is held for a long period (more than 12 months), the gains arising from it will be treated as Short-Term Capital Gain (STCG). The entire STCG of \u20b920,000 will be:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Added to the total income of the investor<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxed as per the investor\u2019s applicable income-tax slab.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"To_Sum_Up_NBFC_Bond_Tax_Implications_Arise_in_the_Form_of_Taxable_Interest_Income_Capital_Gains_Made_On_Exit\"><\/span><span style=\"font-weight: 400;\">To Sum Up, <\/span><span style=\"font-weight: 400;\">NBFC Bond Tax Implications<\/span><span style=\"font-weight: 400;\"> Arise in the Form of Taxable Interest Income + Capital Gains Made On Exit<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Till now, you must have understood that by investing in NBFC bonds, you can earn income in two ways, which are regular interest income during the holding period and capital gains if you sell the bonds before <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/what-is-yield-to-maturity\/\">maturity<\/a> at a higher price.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both these income streams are taxable under the Income Tax Act, 1961, as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest earned from NBFC bonds is taxed at your applicable income-tax slab rate.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">and<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Capital gains are taxed as LTCG or STCG (depending on the holding period)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If you are looking to invest in NBFC bonds and are exploring suitable options, you may <\/span><a href=\"https:\/\/goldenpi.com\/corporate-bonds\"><span style=\"font-weight: 400;\">visit the GoldenPi platform<\/span><\/a><span style=\"font-weight: 400;\">. Here, you can find high-yield bonds, AAA-rated bonds, short-term bonds, and more. Also, the entire investment process is 100% digital and can be completed online without any branch visits.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"NBFC_Bond_Tax_Implications_FAQs\"><\/span><span style=\"font-weight: 400;\">NBFC Bond Tax Implications<\/span><span style=\"font-weight: 400;\"> FAQs<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_any_tax_benefits_of_investing_in_NBFC_bonds\"><\/span><span style=\"font-weight: 400;\">Are there any <\/span><span style=\"font-weight: 400;\">tax benefits of investing in NBFC bonds<\/span><span style=\"font-weight: 400;\">?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Unlike tax-saving fixed deposits, most NBFC bonds do not provide direct tax deductions under Section 80C. However, if you invest in \u201ctax-free bonds\u201d, the interest earned is exempt from income tax. These bonds are usually issued by government-backed entities such as NHAI, IRFC, and other public sector agencies.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_TDS_is_deducted_on_interest_income_from_NBFC_bonds\"><\/span><span style=\"font-weight: 400;\">How much TDS is deducted on interest income from NBFC bonds?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As per Section 193 of the Income Tax Act, TDS on interest income is deducted by the issuing NBFC when interest exceeds \u20b910,000 in a financial year for regular customers and \u20b950,000 for senior citizens. The standard TDS rate is 10% if a valid PAN is provided. If the investor fails to furnish a PAN, TDS is deducted at a higher rate of 20%.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_skip_accrual_of_interest_income_and_pay_tax_once_in_the_year_of_maturity\"><\/span><span style=\"font-weight: 400;\">Can I skip accrual of interest income and pay tax once in the year of maturity?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No! For cumulative NBFC bonds, interest is taxed every year on an accrual basis, even if it is paid only at maturity. This ensures you are not deferring tax for multiple years. Paying tax only in the year of maturity is not allowed and would violate the current income-tax rules.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_index_my_purchase_cost_while_calculating_capital_gains\"><\/span><span style=\"font-weight: 400;\">Can I index my purchase cost while calculating capital gains?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">No! Currently, indexation benefit is not allowed for NBFC bonds, whether listed or unlisted. Thus, while calculating capital gains, you cannot adjust the purchase price for inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Disclaimer:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This information is for general information purposes only. GoldenPi makes no guarantee on the accuracy of the data provided here; the information displayed is subject to change and is provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. Investments in the debt securities\/ municipal debt securities\/ securitised debt instruments are subject to risks, including delay and\/ or default in payment. Read all the offer-related documents carefully.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bonds or non-convertible debentures (NCDs) are regulated by the Securities and Exchange Board of India and other government authorities. GoldenPi Securities Private Limited is a registered debt broker and acts as a distributor and not as a manufacturer of the product.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you invest in NBFC bonds, you can earn income in two ways: Through \u201cinterest income\u201d, which is calculated at a predetermined&hellip;<\/p>\n","protected":false},"author":8,"featured_media":11286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[24,22],"tags":[18,37,45,61,64],"class_list":["post-11261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bond-market","category-essentials","tag-bonds","tag-bond-investment","tag-bond-market","tag-bond-exchange-traded-funds","tag-corporate-bonds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Latest Tax Rules for NBFC Bond Investments 2026 | Tax Treatment of NBFC Bond Income, Capital Gains, TDS, and More<\/title>\n<meta name=\"description\" content=\"Looking to invest in NBFC bonds? 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