POSTED BY January 25, 2015 3:47 pm COMMENTS (4)
ONDear Good afternoon. I need to save 55 K for Tax purpose, day before yesterday I have invested 25K in Axis Long Term Equity Fund – Direct Growth.
Now need to invest 30K more. Please suggest where to invest as now a Days market is on Peak, investing in Axis also don’t know was my right decision or not. Please help me to invest rest of 30 K for Tax saving purpose, does in PPF one-time investment is considered or apart from this if you have better suggestion then help me out.
Thanks
Vishal Dogra
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Vishaldogra,
There are no fixed guidelines, but generally its safer to be 20 times of your CTC plus any outstanding liability you may have. Hope this helps.
take term insurance. ELSS and PPF are the good ones for tax savings. everything else is not worth.
I have 7.5 Lakh package with age of 32 years with Office Job, how much I have to take Term Insurance.
there is no hard and fast rule for tem insurance.
Generally it is advised to take atleast 15 times of the take home salary