I have just started my own business in delhi n earned 70,000/mnth.how can i save some portion of my income tax

Question

can i enroll myself 4 any life insurance policy?or invest somewhere?or any other way so that i can reduce my income tax..?ur valuable sugestions 'll b appreciated...

Answer 1

Don't keep your whole money at home because at home it will be spent on any un-important work.

Deposite your money at Post Office there are several schemes at the post office ad there is no tax TDS on you gained interest you may open saving account or RD ask to the post master he will tell u the schems that run.

Answer 2

Hi Dear,

Do you know current inflation rate is around 8% and after petroleum price hike it is assumed to be shooting up.

I would like to advice you for opting any investment plan that have potential growth of approx 10% or more with tax savings.

If you need life insurance only for tax savings please don’t go for it, as life insurance is much more than an investment plan or a tax saving instrument.

Regards

Tarun Bansal

http://www.savingwala.com

Answer 3

HELLO FRIEND.

YOU WILL GET MANY A SUGGESTION HERE.

BUT THIS IS NOT THE RIGHT PLACE FOR SUCH DISCUSSION.

PL CALL ME WHEN YOU ARE A LITTLE FREE SO THAT WE CAN HAVE AN APPOINTMENT OVER THE ISSUE .

WE CAN DISCUSS AT LENGTH VARIOUS ISSUES INVOLVED -INVESTMENT, TAX PLANNING, INSURANCE , GROWTH AND SAFETY OF FUNDS.

REGARDS

NARESH CHHABRA

DELHI

9311584115

EX BANKER , INVESTMENT CONSULTANT AND WEALTH CREATOR

Answer 4

you can get a whole life insurance policy that has cash value and is tax deferred (only the interest you make on the dividends is taxable at the time of withdrawal).  look for something around 7%.  You can also use whole life to make a trust that is tax deferred in the same manor, if you have a beneficiary.

Answer 5

making use of the SE such as google or yahoo to generate some ideas first if you would like to get the massive information,nonetheless if you would not  want to put so much time,here is a direct and useful resource for your questions.http://lifeinsurance.online-helpers.info...