POSTED BY May 11, 2011 11:41 am COMMENTS (2)
ONHello All,
This is regarding the tax planning for the current financial year. Under 80C and 80CCF we are eligible for 1.2 Lakh excemption. I need your suggestions regarding the same.
In my case, under 80C:
That makes up to 72K. As of now no infra bonds are availible for 80CCF. For the rest of 28K under 80C I need your suggestions, on where to invest. I am 26 years old and single.
Thanks in advance,
Sagar
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Dear Vidya, Increase your term cover in such way that the prem. comes out around 10K Rs. So the remaining balance ‘ll be 25K to be invested. Invest this money in Canara Robeco Tax saving fund with additional SIPs on different dates.
Thanks
Ashal
Invest the remaining in tax saving mutual funds such as fidelity tax advantage fund. OR do additional investments in can rebeco taxsaver.