I have 7 lac income pa from salary how much maximum tax can I save?

Answer 1

that depends on your investments under the 80C limit, if u r salaried professional whether u have any other source of income? one more important consideration is whether u have taken home loan or not. If u do a lot of above then u may be able to save upto 50% of ur tax liability for the year..

Answer 2

I would suggest you to take up Equity policy under ICICI Pru schemes this would help you to save a considerable amount from tax.

Do not get into stock market unless you are good at judging the market.

Sunil