I am 11 months away from my retirement. I am in 30% tax bracket. Exemption limits under section 80C and 24 have been exhausted. I will continue to work. I want to reduce tax payments. Rather than keeping the money idle in savings account, I want to invest it somewhere. I am open to MFs. Please advice
On your direct income, you won’t be able to save more. You can invest in debt funds but this will only delay your tax incidence. You will have to pay low rate of tax if you hold it for more than 1 year.