My annual income is Rs 1,80,000/-, kindly help with the best way to save tax?

Question

I am a Govt. servent.

Answer 1

Greetings of the day to you,

To save tax you can invest upto Rs.1 Lakh in Govt. Specified Investment Options. The best among that is Mutual Fund

Mutual fund offers everything an investor looks for, professional management, decent returns, transparency, risk containment and liquidity.

There are many mutual funds each from reputed business houses in India like State Bank Of India, Reliance, HDFC, ICICI, TATA, Sundaram Mutual Fund etc and foreign mutual funds like Fidelity, Franklin Templeton, etc. All the funds have given good returns and has been consistent for last many years. One of the scheme which has completed 10 years 5 months, Rs.1 lakh invested then is now more than Rs.20 lakhs.(Past returns may or may not be sustained in future.)

When you buy a mutual fund, you hand over the task of investing to a qualified and probably more knowledge fund manager who is paid for finding the right opportunities for you. As for customer services standards, mutual funds in India have been constantly raising the bar they have set for themselves. The services standards are comparable to what you will get any where else in the word.

What's more, you don't need millions to invest in a mutual fund. A lumpsum with Rs.5000 and just Rs.500/Rs.1000 for monthly investments.

Answer 2

As you are a government servant you would like to save tax while also earning on the amount of sum invested with the security of your investment and return of Stock Market.
The best option today is to invest in Unit linked Life Insurance Plans.
These policies offer investment guarantee along with good return.
Whats more unlike any other tax saving instrument these are not taxed at any moment of time. Not at the time of accrual of return or at the time of receiving your capital & return back.
For more contact me at 09868977212

Answer 3

Take LIC or Housing Loan its very easy come to Govt employee.
Its really good for u