Key Points
They may be promoting expensive products to anxious taxpayers who haven't finished their tax planning yet..
These products might not benefit the buyer much but offer high commissions to the seller...
In a column in ET Wealth, Sudhir Kaushik the CEO of Taxspanner.com lists common tax planning mistakes to avoid:. regime, individuals can claim deductions of up to Rs..
ELSS funds. if you need exposure to equities in your portfolio, purchase an. for life cover, contribute to the NPS for retirement savings, opt for NSCs or fixed deposits if you require funds in five years and can't tolerate risks, and consider contributing to the PPF for the stability of a long-term fixed income option..
If you need to invest Rs. 50,000-60,000 under Section 80C before March 31, consider allocating only Rs 15,000-20,000 to ELSS funds and placing the remainder in safer options like PPF, NSCs, or tax-saving FDs..
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