PF Employee contribution is = 19,800 per annum.
PF Employer contribution is = 19,800 per annum.
So, that leaves me with 1,10,400 to fill up ELSS. How can I cover this amount through SIPs for the next 5 months so that I will be able to claim tax benefits?
Let’s say I invest 27,600 every month for the next 4 months, that would round up enough for me to claim the benefits… my question here is - will I be able to reduce the SIP amount after the fourth month or is it fixed?