i m 23 yaer old guy. i have annual income of 4.35 lacs. i have taken lic policy of 4 lacs. i invest 19000 per year i want to invest 25thosand per year in mutual fund for three year. which one will be best for my tax savings. plz give me also name of different mutual fund related information pandeyawaneesh@gmail.com
Re: Tax savivg
by maulik on Jan 09, 2009 10:23 PM
hi, if u want to invest more u can opt for jeevan anand policy. it is one of the most lucrative policy and that too totally tax free. it will yeild u superb jreturns. as per one calculation if u invest a sum of rs.32000 per year you will get a sum of rs. 30lakhs plus royalty after 20years.
RE:Is it right time to invest in equity linked tax savings or go for NSC or PPF for tax saving?
by vikas choudha on Jun 06, 2008 09:48 AM
elss is always best option with compare to other one, divide ur extra money in to three part 15% to SB a/c for emergency purpose, 65% tp elss 10% to PPF /ac manage it for atleast three years you will get best result u can go for Kotak tax saver, HDFC tax saver , magnum tax gain vikas kumar
I AM 29 YEARS OLD SINGLE. MY ANNUAL INCOME IS AROUND 2 LAKH. I DO NOT HAVE INSURANCE, MEDICLAIM, SAVING LIKE MUTUAL FUND ETC. I CAN INVEST UPTO 1 LAKH IN INSURANCE & FUNDS. KINDLY SUGGEST WHICH POLICY I SHOULD TAKE IN INSURANCE AND MEDICLAIM. WHAT WILL BE THE PREMIUM AMOUNT. ALSO SUGGEST SOME TAX SAVER FUNDS.