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Want to save tax?

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vimalsaga
 Which is wise
by vimalsaga on Dec 08, 2006 03:01 PM  | Hide replies

Hi,

I am new to the investing world. I want to invest
in funds which gives me tax saving.

I wish to know which is wise investment either

ELSS OR ULIP

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Vikram
 ULIP
by Vikram on Dec 05, 2006 02:38 PM

Hi
Is it wise to invest in ULIP.If yes then how much money should one invest..?.

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V G Venkatesh
 PPF
by V G Venkatesh on Nov 23, 2006 03:29 PM

Hi

i heard that in future PPF is going to be taxed, is that true - can i open up a PPF account with any nationalized bank ??

Venkatesh

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venkatesh prasad
 Tax savings
by venkatesh prasad on Nov 14, 2006 05:28 PM

I have read a couple articles on Tax savings instruments and ho wto allocate the same.

I observe that the following are not considered:

1. Tuition Fees - 20000/-

2. Housing Loan Repayment - say 20000/-

Now you are left with 60000/-. If you are employed you would have the following (figures given as approximation):

1. EPF (Employee Provident Fund) - 24000/-
2. Life Insruance - 26000/-
3. Pension Plan (earlier 80ccc) - 10000/-

You see that you are not left with any chunks out of the 1 lac limit.

We see day in and day out articles urging us to put in tax saving instruments. Hope it applies to somebody, well not for me.




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Gauranga Bhattacharya
 Tax Savings.
by Gauranga Bhattacharya on Nov 10, 2006 07:35 PM

The Lockin of PPF is 15 years and that of NSC 6 years. The Bank FD (Tax Saving - a new one)lock in is for 5 years. Hence, the best investment would be for Infrastructure Bonds (issued by ICICI Bank etc) the lock in period of which is only 3 years.

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bsumanas
 PPF
by bsumanas on Nov 10, 2006 03:53 PM

Just wanted to add that deposits to PPF should be made as early as possible in financial year to maximize amount of interest.

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Naveen
 PPF returns taxable?
by Naveen on Nov 10, 2006 03:11 PM  | Hide replies

Heard a news that PPF returns might be taxable in future. What does that mean? Assume I open a PPF acct today, will my returns remain non taxable. Whats the probability of it getting taxable. Kindly clarify.

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satendra kumar garg
 RE:PPF returns taxable?
by satendra kumar garg on Nov 17, 2006 09:30 PM
yes pl clarify??

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