Dear Pankaj, I have an annual package of 7.75 lacs which includes 27500 basic, 2500 communication allowance,800 conveyance allowance, no HRA, Pf @ 12% of basic, gratuity at 5% of basic, superannuation at 12 % of basic,LTA 0f 40000 anually,and supplymentally allowance of 17000 per month which includes children allowance etc. i.e those components on which i cant avail tax benefit.It also has 1300 pm of food coupons.I have LIC of 45000 per year plus 16000 reliance life policy.Please suggest which area to invest for higher returns (policies/ppf/mutual funds/gold/house) as well as for more tax benefits.I have saving of 100000 (45000+16000+balance pf)in 80C. Company also gives medical reimbursement of rs.15000 anually.
1 Answers
Most of the questions have already been covered under different answers earlier. Please read answers to similar questions here and let me know if you have further questions/doubts:
http://www.socialfinance.in/questions/7/tax-saving
http://www.socialfinance.in/questions/46/investment-suggestions
http://www.socialfinance.in/questions/45/investment-advise
http://www.socialfinance.in/questions/82/tax-exemption-component-for-salaried-employee
http://www.socialfinance.in/questions/118/tax-saving
http://www.socialfinance.in/questions/178/investment-advise
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