1. Sec 80C allows various tax-saving instruments for all types of taxable income earners.
2. EPF (even VPF and PPF, if any) should be utilized for debt asset allocation of retirement corpus.
3. ELSS should be utilized for its equity asset allocation.
4. Term insurance premium and kids' school fees are also included under Sec 80C investment limit.
5. You could also utilize NPS under Sec 80CCD(1B) as additional tax-saver up to 50,000, which invests in both types of assets simultaneously, in its automatic option, with pension after retirement
6. At the end of the day, it should be the retiree's individual choice in accumulating his retirement corpus, albeit keeping inflation, taxation and risk profile in view.
2. EPF (even VPF and PPF, if any) should be utilized for debt asset allocation of retirement corpus.
3. ELSS should be utilized for its equity asset allocation.
4. Term insurance premium and kids' school fees are also included under Sec 80C investment limit.
5. You could also utilize NPS under Sec 80CCD(1B) as additional tax-saver up to 50,000, which invests in both types of assets simultaneously, in its automatic option, with pension after retirement
6. At the end of the day, it should be the retiree's individual choice in accumulating his retirement corpus, albeit keeping inflation, taxation and risk profile in view.