Re: Tax Planning 2007-2008 !!!
50k in PPF seems to b enough. Go for a good ELSS. It has 3yrs lock-in period, that will apply to every SIP ammount individually. If you have really long horizon, go via SIP in ELSS. Otherwise put it in lumpsom (u may try to time the market for this purpose) so that whole ammount is free alongwith interest after 3yr lock-in. Any investment before 31 March 2008 will have tax bennefit, so do not worry. U may take ur time to invest in ELSS.
50k in PPF seems to b enough. Go for a good ELSS. It has 3yrs lock-in period, that will apply to every SIP ammount individually. If you have really long horizon, go via SIP in ELSS. Otherwise put it in lumpsom (u may try to time the market for this purpose) so that whole ammount is free alongwith interest after 3yr lock-in. Any investment before 31 March 2008 will have tax bennefit, so do not worry. U may take ur time to invest in ELSS.