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Q.

I am 27 years old and my monthly income is Rs23000,i have no liabiliies
plz tell me how can i save maximum for my future as i have to buy a home in future

Regards
Deeraj sharma

Tags: rs, future, home
Asked by Deeraj Sharma, 13 Mar '08 07:55 pm
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Answers (4)

1.

Dear Dheeraj,
Your annual earnings are Rs. 2,76,000. In the coming financial year, if you save upto Rs. 1,00,000 in 80C investment schemes then you can claim this amount as a deduction from your income, thus you will have taxable income Rs. 1,76,000. Since you are male so you will have to pay 10% income tax on Rs. 26,000, considering the exemption limit Rs. 1,50,000 for next year.
You should save as much as you can after meeting your necessary expenses including expenses of your family members including parents.
Since you wish to buy a home in future, you should study the savings schemes of HDFC (Housing Development Financial Corporation), NHB (National Housing Bank) and other schemes.
Wish you all the best.
Answered by keshav singhal, 13 Mar '08 08:08 pm

 
  
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2.

invest in mutual funds. u have many to choose from. you can take advice from bajaj alliance. they will guide you in a better way depending on ur income n future plans.
Answered by aliya jabeen, 13 Mar '08 07:59 pm

 
  
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3.

there are many schemes availabe in banks , unit link policies , post offices ,insurance compnies..u should save atleast 5000 per month,..then u go for housing loan..
Answered by Ghost Singh, 13 Mar '08 08:00 pm

 
  
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4.

To save maximum you need no of advises, it is upon you itself. The maximum balance depends upon the ways of your life
Answered by Raghesh Mony, 13 Mar '08 08:04 pm

 
  
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