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Tax planning for salaried

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(Querist)
28 August 2012 IF I AM GETTING Rs. 2.60 Lacs per month salary. How can i invest to reduce tax liability.

pl. reply urgently.
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Subramanian natarajan

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Subramanian natarajan (Expert)
29 August 2012 Yours is a fit case to be handled by a good chartered account who would guide you for tax liabilities, savings etc. If he can help you for financial planning which is a general practice among CAs, it may help. Kindly request him to file your return for a fee. He would continue to hold your tax records and help in case of inquiry from tax authorities.
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CA Chandrasekaran.S.R

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CA Chandrasekaran.S.R (Expert)
31 August 2012 You decide your goals and future requirements.goals and financial status
If you are likely to buy a house contribute to voluntary PF thru your employer.Loan can be taken from this for housing
If you are having minor kids start a PPF a/c immediately in their name
If you not have life insurance cover/health cover go for it.The tax planning primarily depends on you goals and financial status
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