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Q.

For salaried employees, which is the best option for tax saving?

Tags: salaried employees, best option for tax saving
Asked by Pravin Joshi, 01 May '07 05:59 pm
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Answers (13)

1.

Lic,Ppf
Answered by Manju Sikri, 28 Sep '09 05:01 pm

 
  
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2.

With proper tax planning you can reduce your tax liability; save more; invest better and become wealthier.

http://holisticinvestment.in/plan-your-taxes

Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
Best Performing Financial Advisor Award Winners from CNBC TV18
www.holisticinvestment.in
Answered by RAMALINGAM, 07 Feb '13 02:50 pm

 
  
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3.

Hi Friends,

There are many options available. If you want to grow your money,then it is not a good idea as insurance is basically to insure yourself of money. PPF is also one of the best option for you. But I think you should compare all of the options first before making a final decision.

If you want to know about surety bond, commercial bonds, contractors bond and insurance bond etc please visit http://www.probondins.com/
Source: http://www.probondins.com/
Answered by Probondins, 30 Jun '12 04:25 pm

 
  
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4.

There are many options available. But I think you should compare them first before making a final decision. Go to www.moneysukh.com and check out various tax saving schemes available in the market and then make a call. Good Luck
Answered by Robin Goel, 03 Mar '10 06:02 pm

 
  
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5.

You can try my services.I am a Certified Financial planner with over 13 years of experience in this field.I donot Charge anything for Financial planning.Regards,Anil Kumar,
Answered by Anil Kumar K, 21 Jan '10 03:43 am

 
  
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6.

Mai to tax saving funds may lagaounga..
Answered by babu, 28 Sep '09 10:09 am

 
  
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7.

Bonds
Answered by sumati gayki, 28 Sep '09 09:51 am

 
  
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8.

Hello.If you want to insure yourself and your family,it is a good option.But if you want to grow your money,then it is not a good idea as insurance is basically to insure yourself of money.This is the Era of Specialisation and insurance and growing money are two different fields and one should try to avoid both in one scheme(in case of ULIP).If you want to insure you and your family by taking life insurance,mediclaim policies,see to it that you consult a financial advisor and not just an insurance agent or anybody because every family is different and their insurance needs are different.Hope you understand this.
.My advice for your long term investment would be these fund schemes.These funds are Equity linked and have delivered good returns when the market has gone up and sustained the bad periods of the market since its inception.Hence they are the proved ones.They are tax free for upto 1Lac rupees invested in them.Equity linked Mutual Fund earnings are Profit (or) Loss earnings and ...more
Answered by Abdul Rehman, 12 May '07 11:24 am

 
  
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9.

Hope u are fine.

Dear, I suggest that you should invest in ICICI Prudential Life Insurance Company's ULIP Plan (Mutual Fund based). There you will get better returns alongwith Tax benefit and Insurance. In ULIP Plans you can pay only for three years or upto the age of your plan and plan can be taken for 0-30 or 35 years according to your age or as u wish.

After three years you can withdraw, partly withdraw and can run the plan for a long way without any deposits after three years.

ICICI is the AAA rating company and have given 68% return in the last year for the investment and average 38% for the last six years since inception. ICICI is the No.1 private Insurance Company and in ULIPs it has performed well in comparison to others.

If you will compare this with others like LIC (both for ULIPs and Traditional Plans) there you will find lot of expenses and investment is on very lower side in comparison to ICICI.
...more
Answered by Satyavir, 02 May '07 01:53 pm

 
  
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10.

Invest in post office or bank tax saving term deposit or LIC or FD in LIC
Answered by Jai Chopra, 01 May '07 06:04 pm

 
  
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