Am earning 250k per annuam Is I need to pay the Income tax.If yes what is the good way to invest?

what are the way of investment and what are the profitable investments

Ordinarily, on the face of it you are supposed to pay income tax on your earnings. However with more relevant details in respect of your earnings, this could even be planned as totally tax exempt.

For tax savings investments, the returns of such investments are normally restricted upto 8.5% - 9% p.a. and such options are limited.

Depending upon your interest and a little extra efforts on tax planning every year, you can save a sizable amount on your income tax liabilities.

Stock Investing involves a great deal of risk,buying low selling high is how you make profit,it may be hard when the market is at an all time high.This link may give you some ideas http://charting-the-market.com/

you can invest in govt. schemes like NSC , kisan vikas patra or u can show expenditures

You can invest Rs.70000/- in PPF

U can invest in few mf schemes which claims tax exempt, jus like few govt bonds do. I can name one which came a year back - Stan chart's Enterprise Equity Fund.

Find out few other funds of similar nature..

look your earning of 250k p.a is not the taxable income.......you have an inbuilt tax exemption in your payslip like........h r a....conveyance ......professional tax etc.....after such deductions you come with a taxable income.....

first find out the ways to reduce the taxable income, then after calculation, conclude by doing required investments......

deductions like
PF
P P F
principal amount of housing loan paid
any insurance premiums paid

also
Interest on housing loan paid

incase if all these can reduce your taxable income to
1.1 lakh p.a,then no need to pay any taxes

you can mail me at sunny78851@yahoo.com for detailed info on tax savings.........

yes, you have to pay tax if you don't have any tax exempted savings and expenses up to 1 lakh 5 thousand. This calculation is correct only if you are a salaried person. for self employed, business people the slab varies.
for tax saving investment you can choose
1st choice- Unit linked policies
2nd - mutual fund
3rd - PF
4th - national savings scheme
5th - purchase a house in loan

these are all the good way to invest.

so first calculate the standard deduction which are exempted from tax and find out your taxable income and start your investment accordingly to suit your pocket.

if you need any personalised help to calculate taxable income, feel free to contact me at
devaraj0910@yahoo.com

First of all invest in PPF (Public Provident Fund). You can open a PPF account with any SBI Bank. It not only gives 8.5% return, but the return is also tax free. With Political pressure, it is unlikely that the returns will be lowered in near future.

Then you should buy some Life Insurance poliies, preferably ULIP. They not only gives you life cover, but also help saving tax and build savings.

Then you should invest in Tax saving mutual funds. The returns in mutual funds are not fixed but generally these investments have a minimum 3 year locking period, and the returns over a longer period of time are generally more than any other deposits.

Other than these you can also buy NSC. Even Home Loans are good ways of saving tax.

Of course yes.If you don't have any savings even the provident fund,then your tax liabilities are Rs.4080.If you have saved some amount in PF,then you choose to invest in Systematic investment plan which requires minimum of Rs100/month.so according to your expenditures you can save some amount in SIP which is very beneficial.You can choose SBI to invest in this option.