Investment for Tax Deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2011 I am one of the tax payer and my income conisder under the tax deduction limits of Income Tax. So, can u suggest me which Fund (Without or with Locking Period)is suitable for investment so i will able to get tax benifit accordingly. and under which section it has considered.

jinkesh jain

jinkesh jain (Expert)
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04 March 2011 you can invest in ULIP or 5 year FD. Dedcution is available under 80C

K V Subba Rao

K V Subba Rao (Expert)
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04 March 2011 If you can afford to take some risk-ELSS

If you are a youngster-PPF

If you are not a youngster-Tax Saver Deposit. Postpone investment for some time because, RBI is scheduled to review rates in its Meeting on 17th Mar 11

If you feel like having a source for funds in case of need (availing Overdraft)-NSC

If you are an employee-Voluntary contribution to PF

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