lic policy and tax saving plan
This query is : Resolved
IRFAN ALAM
(Querist)
04 May 2016
sir
I am tax payer and I plan for my tax saving with a invastment of
1. Lic money back policy Rs .12000 per 6 months
2. PPF in sbi Rs. 3000 per months
total = 12000×2= 24000
=3000×12=36000
grand total=60,000 per years
Kindly advice I will continue the above tax invastment . or any new plan advice please
thanks and regards
Irfan alam
Murtaza I Bhagat
(Expert)
04 May 2016
Both incomes are exempted in income tax.
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