Save Up On Taxes
If your annual income falls in the taxable bracket then, investment into PPF is highly recommended. An investment of up to 1 Lakh rupees in PPF is possible and is exempted from income tax under section 80C. Similarly, the medical insurance that you procure is also subject to income tax exemptions up to a limit of 15,000 under Section 80D. For senior citizens, this limit is 20,000 rupees.