There have been many queries similar to this question and I had provided a decent, workable financial plan, that will help you to build wealth and meet your financial goals at various points in life. The first thing is to check if you are saving all the possible money - meaning, have you claimed all the exemptions and have you filled in the taxes properly. All the options of Section 80C for exemption purpose are listed below. Checking of the tax filings so that each and every exemption is availed by you. Given below is the list of all items that need to be completed to file for income tax returns (calculation of tax payable). Once you are done with this, you now know the Total Income (gross), exemptions availed, Net Income, Taxes paid etc. After this is completed, the next part is to look at all possible investments. There are many options of investment for a retail investor and most of them are covered under this section. The basic rules of investing invol...
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