Best way to invest around 50k Indian rupees and save Tax

What is the safest way to invest 50k?

16 Ways to Invest 50K Safely

1. Pay off your debt. The easiest way to invest your money is by paying off debt. …
2. Real estate. …
3. Index funds. …
4. Start a business. …
5. High-yield savings account. …
6. Invest using a robo advisor. …
7. Invest in yourself. …
8. Annuities.

What should I do if I have 50000 rs?

Three Smart Things To Do With Rs 50,000

1. Smart Move #1: Prepay your Home Loan. Let’s face it – a Home Loan is supremely expensive proposition. …
2. Smart Move #2: STP into an ELSS. STP… …
3. Smart Move #3: Boost your Insurance Cover. And by that, I mean by purchasing a simple term plan and a health insurance plan.

Where should I invest to save tax in India?

Best Tax-Saving Investments Under Section 80C

Investment	Returns	Lock-in Period
Unit Linked Insurance Plan (ULIP)	Returns vary from plan to plan	5 years
Public Provident Fund (PPF)	7.1% currently	15 years
Sukanya Samriddhi Yojana	7.60%	21 years
National Savings Certificate	6.80%	5 years

Where can I invest my money to save tax?

PPF ( Public provident scheme )



Public Provident Scheme is a popular investment vehicle for saving tax. A long term savings cum investment product, you need to open a PPF account at the post office or designated branches of public and private sector banks to start with.

How do you convert 50k to passive income?

How to Make $50k Per Year (Passively)

1. Invest in real estate. Investing in real estate is a tried and true method for generating passive income. …
2. Purchase shares in dividend stocks. …
3. Peer-to-peer lending. …
4. Write a book. …
5. Start or buy a blog. …
6. Start a drop shipping business. …
7. Sell online courses. …
8. Buy a business.

Where can I invest 50000 for 1 year?

Here are a few of the best short-term investments to consider that still offer you some return.

1. High-yield savings accounts. …
2. Short-term corporate bond funds. …
3. Money market accounts. …
4. Cash management accounts. …
5. Short-term U.S. government bond funds. …
6. No-penalty certificates of deposit. …
7. Treasurys. …
8. Money market mutual funds.

What is the safest investment with the highest return?

9 Safe Investments With the Highest Returns

• Certificates of Deposit.
• Money Market Accounts.
• Treasury Bonds.
• Treasury Inflation-Protected Securities.
• Municipal Bonds.
• Corporate Bonds.
• S&P 500 Index Fund/ETF.
• Dividend Stocks.

How can I double my money in India?

Here are some options to double your money:

1. Tax-free Bonds. Initially tax- free bonds were issued only in specific periods. …
2. Kisan Vikas Patra (KVP) …
3. Corporate Deposits/Non-Convertible Debentures (NCD) …
4. National Savings Certificates. …
5. Bank Fixed Deposits. …
6. Public Provident Fund (PPF) …
7. Mutual Funds (MFs) …
8. Gold ETFs.

Is 50k a lot of money?

For most people, $50,000 is more than enough to cover their living expenses for six full months. And since you have the money, I highly recommend you do so. On a different, and equally important note, when you set up an emergency fund, it should be separate from any other savings.

How can I save my maximum tax in India?

Tax Saving Schemes

1. Public Provident Fund (PPF)
2. Sukanya Samriddhi Yojana (SSY)
3. National Pension System (NPS)
4. Employees’ Provident Fund (EPF)
5. Sukanya Samriddhi Yojana Interest Rate.
6. National Savings Certificate.
7. House Rent Allowance.
8. NSC Interest Rate.

What investments are tax free?

Listed below are tax free investments that meet a variety of needs and financial goals:

• Life Insurance. Rs. 1,50,000 (Rs 1.5 lakhs) …
• PPF (Public Provident Fund) Rs. 1,50,000 (Rs 1.5 lakhs) …
• NPS (New Pension Scheme) Rs. 1,50,000 (Rs 1.5 lakhs) …
• Pension. Rs. 1,50,000 (Rs 1.5 lakhs) …
• Life Insurance. Rs. 1,50,000 (Rs 1.5 lakhs)

Where should I invest 40k?

Generally, though, bonds are lower risk compared to options like stocks. Mutual funds take money from several investors and pool it together to make investments. This investment vehicle holds multiple securities, including stocks, bonds, and other sub-asset classes.



Bonds

• Treasury bonds.
• Corporate bonds.
• Municipal bonds.

How can I make 4000 a month?

How to make $4000 a month from home (10 strategies)

1. Blogging. Blogging is not a get-rich-quick scheme. …
2. Photography. Being a photographer is something many creatives dream of doing professionally. …
3. Virtual Assistant. …
4. Internet Scoping. …
5. Teach English. …
6. Freelance Your Skills.

How can I make 1000 a day?

How can you make an extra $1,000 a day fast?

1. Deliver food with DoorDash.
2. Dog sit and dog walk with Rover.
3. Do projects on HomeAdvisor.
4. Resell on eBay.
5. Sell your own products on Etsy.
6. Start freelance writing for blogs.
7. Create an online course.
8. Build a podcast following.

How can I make 10k in a week?

And best of all, they’re all ways to make 10000 in a week from home!

1. Start a blog. Blogging is not a get-rich-quick scheme. …
2. Publish ebooks. …
3. Sell online courses. …
4. Offer freelance services. …
5. Become a virtual assistant. …
6. Get paid to proofread.

What can I sell to get rich?

Here is a list of the 30 Absolute Best Things To Sell To Make Money:

• Old clothes. If you’re looking for things to sell to make quick cash, your clothes just might top the list. …
• Sneakers. Have some cool sneakers you want to get rid of? …
• Jewelry. …
• Watches. …
• Your wedding dress. …
• Baby items. …
• Home décor items. …
• Holiday decorations.

How can I make 1k a week?

How to Make 1000 a Week Online and Offline

1. Answer Paid Surveys. Companies will pay top dollar to do market research. …
2. Start a Blog. One of the ways you can make fast money online is by starting your own blog. …
3. Work as a Tutor. What is this? …
4. Collect Sign-Up Bonuses. Many sites and apps will pay you by simply registering.

How can I make 10k passive income?

Quote: So you can make money in your sleep i can sell online courses in my sleep i can sell digital products in my sleep i can have people who click my affiliate links because they're watching a youtube.

How can I make 5 grand fast?

Table of Contents

1. Start Driving: Uber and Lyft.
2. Take Photos on Your Phone: Snapwire.
3. Work-From-Home Jobs: Amazon.
4. Wrap Your Car for Cash: Wrapify.
5. Perform Odd Jobs: TaskRabbit.
6. Sell Stuff Online: Craigslist.
7. Teach Others: Chegg Tutors.

How can I make a side income?

Ways to Make Money on the Side

1. Get paid for your photos. Are you a shutterbug? …
2. Drive for Uber or Lyft. …
3. Become a food delivery driver. …
4. Join a focus group. …
5. Deliver groceries. …
6. Take up babysitting. …
7. Start pet sitting. …
8. Advertise on your car.

What are the 7 sources of income?

What Are The 7 Streams of Income?

• Earned Income. Otherwise known as your salary or typical monthly income from your primary job. …
• Business Income. Alongside earned income, you may receive extra income from businesses you have set up. …
• Interest Income. …
• Dividend Income. …
• Rental Income. …
• Capital Gains. …
• Royalties or Licensing Income.

How can I make 150 a day?

Quote:
Quote: Moving on to the second method to start making 150. Per day online we have a freelancing. And leveraging your skills on a platform. Such as fiverr or upwork.