Url rewriting gives me 404 - File or directory not found

This code will work in ASP.Net 3.0 and higher versions

 <system.webServer>
    <modules runAllManagedModulesForAllRequests="true">
      <remove name="UrlRoutingModule"/>
      <add name="UrlRoutingModule" type="System.Web.Routing.UrlRoutingModule, System.Web, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a" />
    </modules>
    <handlers>
      <add name="UrlRoutingHandler" preCondition="integratedMode" verb="*" path="UrlRouting.axd" type="System.Web.HttpForbiddenHandler, System.Web,
Version=2.0.0.0, Culture=neutral,
PublicKeyToken=b03f5f7f11d50a3a"/>
    </handlers>       
    </system.webServer>