Advice

pawan (Querist) 31 October 2012 This query is : Resolved
Sir,

I have taken VRS from an insurance co. in 2011 at the age of 52. Now, my income from pension is Rs.2,00,000/- & from FDR interest Rs.2,00,000/-.

Please advice

How to plan my investment to make my Income Tax NIL.

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V R SHROFF (Expert) 31 October 2012
Invest in property, with Loan, interest etc + Insurance premium can be deducted ,
ppf may help.

Sailesh Kumar Shah (Expert) 31 October 2012
Invest in LIC,ppf,nsc, mutual fund (ELSS), etc under section 80c upto 1 lacs.
to save alomost rs.10000 tax.

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