tax saving?

So many Avenues
1. VPF/PPF
2. NSC - Your money locked in for 6 years
3. ELSS - Mutual Funds with your money locked in for 3 years
4. Home loan
5. Insurances
6. Bonds
7. Pension policies
8. ULIP's
9. Now Fixed Deposits in Nationalized banks - Your money locked in for 5 years.

2007-01-22 21:11:09 · answer #1 · answered by Gopal K 1 · 0⤊ 0⤋

Open a PPF acount in any bank which is tax exempted, get some insurrance policies for yourselfs or your family which are tax exempted, or you can donate to any registered organization where the payment is tax exempted.

2007-01-23 21:56:45 · answer #2 · answered by rajesh m 3 · 0⤊ 0⤋

think beyond tax !
before geting invested for tax saving. consider whether to hold your money for long or short term. there is restrictions in each and every tool for tax saving

2007-01-24 19:49:27 · answer #3 · answered by santhosh 1 · 0⤊ 0⤋

So many Avenues
1. VPF/PPF
2. NSC - Your money locked in for 6 years
3. ELSS - Mutual Funds with your money locked in for 3 years
4. Home loan
5. Insurances
6. Bonds
7. Pension policies
8. ULIP's
9. Now Fixed Deposits in Nationalized banks - Your money locked in for 5 years.
but please read every documents very carefully

2007-01-23 02:04:10 · answer #4 · answered by Shyon 2 · 0⤊ 0⤋

You can always go for tax saving. It is NOT bad. It is lega. You can invest in various schemes approved by GOI in current financial year.

2007-01-23 16:36:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋

Invest in PPF, some designated mutual funds, LIC policies, and give donations to charities and good causes!

2007-01-22 19:55:48 · answer #6 · answered by swanjarvi 7 · 0⤊ 0⤋

Refer to www.allindiantaxes.com

2007-01-23 03:47:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋

7 answers