Different investment options

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Lowrence (Querist)
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02 December 2014 Hello All,

Please let me know the best tax saving options available, where interest on tax is comparatively less.

Thank You.

Amol S Joglekar

Amol S Joglekar (Expert)
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02 December 2014 For individual, PPF is always regarded as best option. But mind well each individual has to decide what is best for him, depending upon his expectations.

Lowrence

Lowrence (Querist)
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04 December 2014 Could anyone please list out the investment options, and the tax thereon.

Amol S Joglekar

Amol S Joglekar (Expert)
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04 December 2014 Income tax is REQUIRED to be paid as per the SLAB of that individual.
01. PPF..... interest is EXEMPT
02. NSC...... interest taxable
03. Bank FD.....interest is taxable
04. LIC...the maturity/terminal sum is exempt subject to certian conditions as to in excess of 10 % of the premium.
05. PLI....Postal Life Insurance.. Same as LIC
06. Repayment of Housing Loan.... No any question of TAXABLE interest.

Do you have any other SPECIFIC scheme related query?

Lowrence

Lowrence (Querist)
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16 December 2014 NSC yields very less amount compared to FDs. Am I right? So the best option is FDs I guess.

Amol S Joglekar

Amol S Joglekar (Expert)
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16 December 2014 PPF interest is TAX free and hence said to be the BEST.
Between FD and NSC, you can say FD is better.

Lowrence

Lowrence (Querist)
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17 December 2014 but the only problem with PPF is the term... 15 years, and one can only draw a small % of amount of the total accrued till the previous month... am I right?

Amol S Joglekar

Amol S Joglekar (Expert)
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17 December 2014 Yes, you are absolutely right. That is why it is said, the schemes are to be selected as per ONE's risk apetite. What might appear to be best for YOU may NOT be so for your friend.
All the best.

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