POSTED BY December 25, 2012 12:19 pm COMMENTS (2)ON
Please find below Tax saving investment under 80c, and do advice on tax saving and investment.
3.KOTAK PREFERED TERM PLAN:10782/- (Start Date:20/10/2011 for 25YRS for 5000000/-)
4.RELIANCE AUTOMATIC INVESTMENT PLAN-REG (ULIP):10000/-(Start Date:21-06-2007-for 10Yrs & Sum assured:150000.00)
5.Max Life Endowment to Age 60:5999/-(Start Date:07/10/2004-Maturity:07/10/2035)(Sum Assured-188086.00)
6.Quantum Tax Saving ELSS:30000/- (As lumpsum this year)
7.APOLLO MUNICH EASY HEALTH PLAN:9894/-
Now I’m closing RIL ULIP and MAX Endowment policy also form april.Also I’m investing 1500/- via SIP since last year in HDFC Top 200 Equity(G).
Please advice how to achieve tax saving after closing above mentioned policies and further investment for growth.
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2 replies on this article “Investment”
Just put more money in the Quantum tax saver. The apollo plan will come under 80D part and not 80C. I think you will need 10k more into that.
To close out the 80C Rs. 1 lakh limit you could consider another ELSS MFs like HDFC tax saver or Canara Robeco Tax Saver depending on your risk appetite or increase your PPF contribution