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 1●1●1●1

One Answer:

oldest newest most voted

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:

answered Jan 02 '12 at 13:45 by Pankaj Batra 5.2k●3●20

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

income-tax ×778
tax-saving ×120
tax-exemption ×81
life-insurance ×55
fixed-deposit ×39
section-80c ×37

Asked: Dec 27 '11 at 00:12

Seen: 2,065 times

Last updated: Jan 02 '12 at 13:45

Investment of 50000/ for tax benifit.

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions