Hello Sir/madam,
I am 25years, working married woman. My net saving per month is 30,000/- could you please guide me for proportionate saving or investment plan.
eTaxMentor (employee) (217 Points)
06 April 2013Hello Sir/madam,
I am 25years, working married woman. My net saving per month is 30,000/- could you please guide me for proportionate saving or investment plan.
Mihir
(Wealth Manager)
(5293 Points)
Replied 06 April 2013
You can invest in PPF maturity after 15 years at the rate of 8.6% non-taxable. Ideal for retirement and child education.
You can invest in NSC maturity after 5 years at the rate of 8.4% interest is taxable.
SIP of HDFC mutual fund has a good track record for giving handsome risk-adjusted returns.
vaibhav
(student)
(253 Points)
Replied 06 April 2013
In income tax, 80C, 80CCC, 80CCD gives deduction upto Rs. 1,00,000. In 80C major investment plan is PPF (lock in period 15 years), 5 yr Bank deposit, Life insurance premium, and NSC as mentioned by Mihir. Periodic fixed deposit plan with bank is good option (but will must attract 10% TDS in your case, however there will be net benefit of 7.5 - 8.25% interest earned by you.)
Here one good investment plan is to invest in House property. It will gives you deducion under Secion 24 (house property for interest portion - in FY 13-14 it will be Rs. 2,50,000 subject to fulfilment of cetain condition) and installment payment under 80C.
MR. R....halpfull hand is back
(.)
(297 Points)
Replied 19 April 2013
Respected all above,
My intension is not to hurt any one but PPF and FDs are old investment things and they give interest below the Inflation rate and your money go wasted
My opinion is that u open a demat A/C under rajiv Gandhi scheme and u get 50% tax banifit on purchasing the share up to 50000 locking period 3y invest in such a gov project and share market give good return in long time
Next thing purchase house(with land) with home loan and adjust ur EMI less then your savings.... in future property price increases and u get more return then Fds and PPF and u get benefit in income tax too
One more thing u ll purchase silver every month and u get batter return out of it because silver is a such a Mattel which use in industry as well as ornaments so no big ups and down acer in price camper to gold..
if m wrong correct me..
CAclubindia
