POSTED BY March 31, 2014 8:27 pm COMMENTS (15)ON
After going through this forum,I have decided to quit the 2 plans that i am currently using (LIC jeevan saral and HDfc bla bla) and start from fresh again .
since we can show upto one lakh for tax saving , I am planning to use 80k of that (My salary is 4.5 per annum),I researched in this forum and have 3 options
PPF,Equity and Mutual funds and out of which i know ppf only (its like fd right ? where we pay fixed some for 15 years am i correct?),
Since LIC is required ,planning to do LIC for 25K. PPF 25k and i dono what to do with rest,
Is equity best option? Am i planning correct? Am i investing more for tax saving?