3 Replies to “I’m working in bsnl.my annual income is rs 250000.i am 20 years old and unmarried.plz tell me how to save tax.?”

  1. Here is a standard ans.

    1. Invest upto Rs 1 lakh u/s 80C (PPF, LIC, ULIP, ELSS, NSC etc)
    2. Invest upto Rs 20,000/- in infrastructure bonds u/s 80C
    3. Benefit of Interest payment on home loan u/s 24(b) upto Rs 1.5 lakhs
    4. Benefit of purchasing health insurance policy u/s 80D upto Rs 15,000/- to 35,000/-


  2. Hi Dear

    You are young and would like to build a huge Capital you can take a few risk. You cannot beat the Inflation with Bank Deposits.
    I suggest that you Deposit about Rs 50,000 in PPF A/c and the Balance in Mutual Funds ELSS which qualifies for deduction under sec 80C

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