Hi All,

which investments are safe and profit/interest earned is completely Tax Free.

i dont want to get tax deducted on savings account as i am already paying huge 30% taxes on salary and on top of that again paying tax from savings is like i am working and giving to government my hard earned money without enjoying, eating what i like.

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1. Invest money in equities (large cap growth companies only) and sell it after 12 month period for LTCG of 10% if profit is > 1L

2. Open a dependent account with any of your parents name and transfer the funds in that account. And withdraw whenever necessary. or buy some high dividends payout stocks from their D-mat! Lots of assumptions here.

helpful

+1

Tax saver FD, NPS

Hi, my name is Shefali Garg and I am a registered Mutual fund advisor. Pls drop a message on 9414838166 if you need assistance with regards to financial planning. Through tax harvesting we can achieve your goal of 12-15% annual tax free returns.

To save tax there would be locking

PPF - investment Exempt upto 1.5L, yearly interest Exempt, final maturity amount Exempt. Lockin 15 years
Tax Saver FD - Investment Exempt upto 1.5L, interest not Exempt, Lock in 5 years
ELSS - Investment Exempt upto 1.5L, interest not Exempt, Lock in 3 years
Provided you consume your limit of 1.5L in 80C

Equity shares - investment not exempt, long term capital gain more than 1 year upto 1 lakh profit Exempt every year

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