Financial Planning means: Reviews your current financial position,Sets goals for the future and,Creates a plan to achieve those goals.
It is also very important to review your investment plans as Your circumstances change ,because of marriage, new dependants,taxation,market boom and busts etc
When you are a single:(one lac)
| Investment (Sec 80C) | Amount to be invested |
| ELSS (Equity Linked Saving Scheme) | 75000 |
| ULPP (Unit Linked Pension Plans) | 15000 |
| PPF (Public Provident Fund) | 10000 |
| Total | 100000 |
| Health Insurance (Section 80D) | 15000 |
When You are Married
| Investment (Sec 80C) | Amount to be invested |
| ELSS (Equity Linked Saving Scheme) | 40000 |
| ULPP (Unit Linked Pension Plans) | 25000 |
| ULIP (Unit Linked Insurance Plans) | 20000 |
| PPF (Public Provident Fund) | 5000 |
| Bank FD (Fixed Deposits) | 10000 |
| Total | 100000 |
| Health Insurance | 15000 |
Pre-Retirement
| Investment (Sec 80C) | Amount to be invested |
| ELSS (Equity Linked Saving Scheme) | 25000 |
| PPF (Public Provident Fund) | 25000 |
| ULPP (Unit Linked Pension Plans) | 40000 |
| Bank FD (Fixed Deposits) | 10000 |
| Total | 100000 |
| Health Insurance | 15000 |
Post Retirement
| Investment (Sec 80C) | Amount to be invested |
| ELSS (Equity Linked Saving Scheme) | 20000 |
| PPF (Public Provident Fund) | 40000 |
| Bank FD (Fixed Deposits) | 40000 |
| Total | 100000 |
| Health Insurance | 15000 |
A premium of Rs. 15,000 is fully deductible under Section 80D of the Income Tax Act. You would save Rs. 5099 on your tax payable.
For any help with your investments plz take appointment on sundays.(9823403494) or write to smma59@gmail.com
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