How a person can save his Income-tax on income to be earned by him during Financial year 2008-09?
Asked by Raakesh Sood, 27 Jun '08 12:43 pm
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contact tax advisorAnswered by pradeep reddy, 27 Jun '08 12:48 pm
tHERE ARE MANY OPTION IN MARKET ,THAT RAKESH CAN SAVE HIS INCOME EARNED BY 2008-2009. FOR EX, HE CAN INVEST IN SOME EQITY LINKED MUTUAL FUND , BECAUSE THIS INVESTMENT ARE TAX FREE UPTO 1LAKHS . THERE ARE SOME FMP AND HE CAN ALSO INVEST IN ULIP FOR SAVING TAX.Answered by amit sinha, 27 Jun '08 12:56 pm
You can save in equity linked mutual funds for 3-5 years .they are totally income tax-free, more over you can deduction of income tax from LIC market plus, there are so many funds where you can get tax examption. consult with an incone tax-Lawer.Answered by sisir majumder, 27 Jun '08 01:41 pm