Investment Options for Tax exemption?

i have tax ememption of 1,25000/-Rs.
I ahve invested in LIC of 30k and PPF of 20k
i need to invest another 75k.
which is the best investment option available which will give me very good returns as well and can show for tax exemption.
i was thinkin of investing in mutal funds..
which is the best one?

In India Maximum Tax Expemtion is Rs.1,00,000/-
if you take Housing Loan means That principal amount Max: Rs. 1,50,000 DIrectly deducted from your Gross Amount that is the best option for exemption for incometax. If your investment purpose means any mutual funds is better

In India the maximum possible tax exemption u/s 80C is Rs.1,00,000/- . You can invest in ELSS of mutual funds. e.g SBI Magnum Tax Gain 93. Most fund houses have a tax saver fund. (For performance of tax saver funds refer to the answer below). There is a lock-in period of three years for the amount you invest in ELSS.

Hy,
Jinesh here. ( M.B.A Finance working with MNC )

Can you please give me the answers of followings ?
I can give you best investmet options.

Q.1 Are you married ? OR have an issue ?
Q.2 Family Members ?
Q.3 Location?
Q.4 Profession you are involved in ?

As you had invested in LIC and PPF its good but still you have many options to go.

revertback with the above answers
Regards
Jinesh shah

Invest the surplus in SBI Magnum Tax Gain.

The lockin period would be 3 Years.
SBI is a trusted name and a professionaly managed company, hence from a brand confidence point of view, I would suggets that you go ahead with SBI.

Another option is Bank Fixed Deposit in any nationalized bank, wherein the lockin period would be 5 years.

Maximum deduction allowable u/s 80C is Rs. 1 lac & you have already invested close to Rs. 50k (30+20)(lic+ppf)
So to save tax you need to invest Rs.50k
Invest in LIC Ulip plans to diversify your investment and get good returns plus tax saving.
Also you can withdraw them just one year from investing.
This is practical approach.
For getting proper consultancy on tax & savings call me at 09868977212. it is going to be totally free and beneficial for you.