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Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2011
My age is 26 years and my annual income is Rs. 275000 P/A,i planning to invest Rs. 80000 for tax saving purpose i little bit confuse which one is better either investment in PPF or FD for 5 years, as we know the purposed int rate in PPf is 8.6% and in FD for 5 years is 8.3%.
CA Ravi Sisodia
(Expert)
14 November 2011
tax free interst on PPF is 8.60%, so ppf is batter option.
16 November 2011
As your age is less, suggestion to invest in mutual fund ELSS for better rate of return
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