Hi all, As I am very confused on which type of savings do i need to go for tax savings also. i am planning to save 30k per month. Can any one please suggest some good way thanks in advance
Hi, I would suggest diversify your investments into both traditional and equities like PPF and MFs. You can invest in a house or plot and claim tax saving for home loan and also PPF. Regarding MFs, you can opt for SIP as that is a good option for people like us who do not know/keep track of the market on a daily basis. If you have life/health insurance cover you can use that also for tax saving. @Shanvy any more pointers?