POSTED BY January 18, 2011 8:41 pm ONE COMMENT
ONGuys please give your valuable thoughts about the situation. To get more funds for investments, if we make EPF as less as possible and pay a bit more tax. Is it the right way of thinking or not ? one more point to add suggest in ref to long term and short term.
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If in the EPF contribution, the employer gives “extra” equal money then EPF contribution should be kept to the max that makes the employer pay max. Extra money should always be welcome.
If the employer does not give extra money to EPF. Then EPF should be kept to a minimum and should be used as a debt instrument.
Rest of the money should be channeled into ELSS. Because over a long term, that will surely give you more returns.