Hi All,
I am working in a software firm. Currently I have a Jeevan Saral LIC policy paying 48040 per year. Completed three years. I am currently looking for some investment plans. I can allot 10k per month for investments. My 80c declaration is around 85k (lic premium + PF contribution).As the current year slab has been increased to 1.50 lacs, I want to cover the rest of 65k with investments
As I earlier stated I can allot 1.2lac per year for new investments, please guide me how I can distribute money to get full tax benefit and also good returns.
.[Not sure how to go ahead, Postal NSC vs RD vs FD vs SIP vs Mutual Funds]
Also, I would like to know is there any way, where I can pay the LIC premium with the investment returns itself over a period of time, rather than I pay it separately.
Please help me out
CAclubindia
