Investment Plan: If you are getting a salary of Rs 1 lakh every month, you can achieve your financial goals by investing it in a better way. In this, you can also prepare an emergency fund and retirement plan.
Investment Plan: In Budget 2025, Finance Minister Nirmala Sitharaman gave a big relief to the middle class, she announced changes in the income tax rules. Under this, under the new tax regime, taxpayers earning up to Rs 12 lakh annually were excluded from the category of income tax payment.
That is, if a person earns Rs 12 lakh annually, he will not be taxed. Earlier this exemption was up to Rs 7 lakh. The government’s aim is that this will give more cash to the employees and their disposable income will also increase. This will give more freedom to the salaried class employees to spend. Along with this, the responsibility of saving will also increase.
If you earn Rs 1 lakh every month, then it will be considered that your financial condition is strong. In such a situation, if you use this salary wisely, then you can achieve your financial goals. In this salary, you can do many things like emergency fund, retirement plan. This will secure your future. After completing the monthly expenses, if you are saving 25 to 30 percent of your salary, then we are telling you some solutions.
Create an emergency fund
If unfortunately you lose your job suddenly, then you should have a capital already, so that it can be used in an emergency. For this, what is your monthly expenditure? According to this, it is very important for you to have money for at least 3 months’ expenses. So first of all create an emergency fund. Keep a part of your savings in it. This emergency fund will be useful in your trouble. If you save Rs 30,000, then use it like this.
Make a retirement plan
Make a proper investment plan of at least Rs 15,000. You can invest in a large-cap mutual fund or a mixed asset allocation fund. As your salary increases, keep increasing your contribution to the investment.
If you do a SIP of Rs 15,000 per month for 20 years.
- Step-up – 10 per cent
- Expected returns – 12 per cent (large cap)
- Total investment – Rs 1,03,09,499
- Expected return – Rs 1,95,23,573
- Maturity – Rs 2,98,33,073
- This will help you create a fund of around Rs 3 crore for your retirement needs.
Invest in PPF
You can also invest Rs 5000 every month in Public Provident Fund (PPF). This is a completely government scheme. You will get tax free returns with guarantee. There is no risk of any kind. Currently, PPF is getting 7.1 percent interest. You can invest in it with a lock-in period of 15 years.
Invest Rs 10,000 in short term
You can invest the remaining Rs 10,000 in short term. In this, you can invest money in various schemes like FD, Gold, Post Office RD scheme. Here too, there is a full possibility of getting huge returns without any risk.
