TAX SAVING

POSTED BY anil kumar ON September 8, 2012 8:08 pm COMMENTS (5)

Hi,

Please find below Tax saving investment under 80c, and do advice on tax saving.

 

1.EPF:25332/-

2.PPF:10000/-

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.LIC JEEVAN TARANG:50000/- (Started Last year but stopped continuing from this year after reading artical on jeevan tarang)

7.APOLLO MUNICH EASY HEALTH PLAN:9894/-

 

Now I’m looking on closing RIL ULIP and MAX Endowment policy also. If i should start ELSS fund then how much to invest and via lumpsum or sip as already 6 months have lapsed and in which ELSS Fund.

Please advice how to achieve tax saving.

 

5 replies on this article “TAX SAVING”

  1. anil kumar says:

    Thanks Ashal for replying.

    Pl’s tell me if I can split the amount 35k to ELSS as lumpsum and 20 to PPF will not work.

    Thanks again

    1. Dear Anil, yes is the answer.

      Thanks

      Ashal

      1. anil kumar says:

        Thanks Ashal again.

        You said that splitting is fine.
        Pl’s suggest best ELSS fund also and how to go for it.

        Thanks

        1. Dear Anil, you may invest in Quantum Tax Saving fund.

          Thanks

          Ashal

  2. Dear Anil, PF, PPF & Kotak Term plan, total is 46K Rs. hence short fall for 1L Rs. is 54K Rs. To invest this amount into ELSs in next 5 months or so, you may invest in Quantum Tax saving. Please invest 3K weekly in this Tax saver fund.

    The Apollo health policy ‘ll remain exclusive benefit under section 80D over & above 1L of 80C.

    Thanks

    Ashal

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