Investment of 50000/ for tax benifit.

Hi Pankaj,

I am a salaried person, i can show a total of 1 lakh for tax exemption from my over all CTC. I have already shown a LIC with a premium of rs 25,000.00 and another 12 thousand in HDFC SIP tax advantage plan. The rest around 15k is shown by my company as medical claims. Now i have a balance of 50k which i need to show for tax exemption. Can you please let me know in where i have to invest so that i can get a guaranteed return. I have less knowledge in this areas.

Please guide me..

Thanks, Jay

asked Dec 27 '11 at 00:12 by Jay 1111

If you want a guaranteed returns without any risk, there are options like PPF, five year fixed deposits or NSC.

Also, please go through following existing answers:

  1. Investment Advise
  2. Tax SAving

answered Jan 02 '12 at 13:45 by Pankaj Batra 5.2k320


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Asked: Dec 27 '11 at 00:12

Seen: 1,586 times

Last updated: Jan 02 '12 at 13:45