Hello Experts,
My father is one year away from retirement and after that He would continue to work in the same company for at-least next 5-6 years OR till his health permits, on advisory role with almost same benefits. He is in good health by grace of god.
He is in 30% tax bracket and has exhausted his 80C limits along with Section 24 interest exemption of home loan for 1st house and 2nd house as well. So now no more real estate investment is also required.
How can he further reduce his tax outgo and grow his money as well with minimum risk ?
Is it advisable for him to go for Debt Funds or Hybrid Debt Aggressive/conservative (to reduce the tax burden on income earned) at this stage of life ?
Otherwise the funds are lying in the savings bank account idle…
Regards
VinManHBK
CAclubindia
