One should diversify into various tax-saving instruments according to his/her age, needs, goals and risk-appetite. Here we give you an insight into the various avenues available to save your taxes and also the various asset allocations for different life stages.These investments have been specially put into an asset allocation based on specific Life Stage - and the risk and return that can be assumed during that Life Sage.

Pre-retirees have to increase their exposure towards pension plan and PPF for their retirement needs.
Based on your life stage, an ideal asset allocation has been designed for you to invest in various avenues Under Section 80C of the Income Tax Act 1961.

This is an indicative allocation for the Rs 1 lakh limit under Section 80C. If you already have some investments under this section, the remaining amount can be invested in the ratio mentioned above.

Health Insurance - Section 80D
Avail a full utilisation of tax benefits on premium of Rs 20000 under Section 80D of the Income Tax Act, 1961. Section 80D benefit remains over and above Rs.1 lakh benefit of 80C.

For e.g. A premium of Rs. 20,000 is fully deductible under Section 80D of the Income Tax Act. You would save Rs. 6800 on your tax payable.

We hope that the information would be useful for your Tax Planning.

For any help with your investments please walk in to any ICICIdirect store, where our Relationship Managers will be glad to assist you.

Disclaimer:
ICICI Securites Ltd. , Member of National Stock Exchange of India Ltd., SEBI Regn. No. INB 230773037 (CM), SEBI Regn. No. INF 230773037 (F&O), Bombay Stock Exchange Ltd., SEBI Regn. No. INB011286854 (CM) , SEBI Regn No. INF010773035 (F&O). AMFI Regn. No.: ARN-0845 ,  Corporate Agent of ICICI Prudential & ICICI Lombard, Composite Corporate Agent License No. 2613930 . Registered office: ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020. Coporate Office : Shree Sawan Knowledge Park, Plot No. D-507, T.T.C. Industrial Area, MIDC, Turbhe, Navi Mumbai - 400705. The online services of I-Sec are offered through www.icicidirect.com.
The contents herein above shall not be considered as an invitation or persuasion to trade or invest.Kindly read the Risk disclosure document carefully before investing in securities and other instruments traded on the stock exchanges. and Pl note that Mutual Fund Investments  are subject to market risks, read the offer document carefully before investing for full understanding and detail. Insurance is the subject matter of solicitation.ICICI Securities Ltd.does not underwrite the risk or acts as an insurer.
Adequate efforts have been taken to ensure that material contained is error free. The material given is only intended to provide general information to the investors and is neither designed nor intended to be a substitute for professional tax advice. The material is not exhaustive and is not intended to be advice on any particular matter. Individuals should cross check a ll the facts, law and contents with the text of the prevailing statutes or seek appropriate professional advice before acting on the basis of any information contained herein as the taxation implications may vary depending upon the facts in each case and the tax laws are subject to change from time to time. ICICI Securities Ltd expressly disclaims any liability to any person,in respect of anything done or omitted to be done by any such person by placing reliance upon the contents of this presentation.