Tax saving

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.

asked May 31 '11 at 19:23 by Rajiv 1446

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Asked: May 31 '11 at 19:23

Seen: 2,632 times

Last updated: Jun 01 '11 at 03:00