-
-
-
Services
-
-
-
More
-
POSTED BY ON April 19, 2014 9:45 pm COMMENTS (6)
Hello Experts,
Special greetings to Hemanth ji, Viren ji, Ashal ji, Bharat Shah ji
My father is one year away from retirement and after that He would continue to work in the same company for at-least next 5-6 years OR till his health permits, on advisory role with almost same benefits. He is in good health by grace of god.
He is in 30% tax bracket and has exhausted his 80C limits along with Section 24 interest exemption of home loan for 1st house and 2nd house as well. So now no more real estate investment is also required.
How can he further reduce his tax outgo and grow his money as well with minimum risk ?
Is it advisable for him to go for Debt Funds or Hybrid Debt Aggressive/conservative (to reduce the tax burden on income earned) at this stage of life ?
Otherwise the funds are lying in the savings bank account idle…
Regards
VinManHBK
2021 © Jagoinvestor.com All Right Reserved
@VinMan, see you on FB soon 🙂
Dear VinMan, in case you are available on facebook, you may join my Fb group also.
Please search there with the name – asan ideas for wealth.
Thanks
Ashal
Hello,
You can remove ‘ji’ from all the names 🙂
sorry, I did not comment because I knew very little on it….
Thank you Viren for being humble and generous enough to suggest me this. Read your blog… Feels like the story is same on on this side as well, as far as childhood part is concerned.
‘ji’ is more out of respect than a suffix 🙂
” You don’t realize how important something is to you until it’s gone”
One can only know what India is…..only when, we are not in India. Blessings from Elders & respect for wise is what not present everywhere. Being an NRI, This is what i miss the most from ‘home’ so… every-time i get to learn something from someone, i make it a point to give respect & acknowledge the effort.
Cheers !
VinMan
Dear Vinman, no tax saving is possible on direct income earned from his employer. Tax can be delayed on secondary income. The investment by him in debt funds can delay his tax incidence and ultimately he w’d have to pay lower tax if holding period is more than 1Y even if all the money is parked in liquid funds alone.
Thanks
Ashal
Thank you Ashal ji for the advice.