Go for term insurance as high as you can. Send your children to best and costliest school which you can afford, for tuition fees are exempted under 80C. Buy performing ELSS with remaining amount. Postpone for Home purchase for a while, take two to three years to decide.
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by Vivekchand on Mar 04, 2008 03:23 PM Permalink
Can u please advise in detail what is term insurance and how to avail it? Thanks Vivek Chand. v_vivekchand@rediffmail.com
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by Bubai S on Mar 04, 2008 04:02 PM Permalink
Hi Vivek term insurance is a insurance where you can pay less amount but your life coverage will be more. I.e. for 5Lks you may be pay 10000 for 30 years, and in between if you death ur wife or famely member will get back 5000000 rs. And nothing will happend with you you will not get back any things.[but in ICICI offer is some different, You will get back 30x10000]=only after 30 years. But in this case premium is more. If you wanna know more feel free to call me 09391022408/sahuthegreat@yahoo.co.in
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by SANJEEV PRADEEP on Mar 04, 2008 07:25 PM Permalink
What is the upper limit for claiming exemption on child tution fees
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by sanjay kumar on Mar 04, 2008 08:39 PM Permalink
Rs 1 lakh minus LIC premium and other tax relating savings.
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by shailendra singh on May 16, 2008 02:24 PM Permalink
you dont feel that slab of exemption are very less
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by shailendra singh on May 16, 2008 02:33 PM Permalink
can india come out with single tax system to avoid confusion?
