Saving for Child's Education while saving Tax

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  1. M Saravanan

    M Saravanan New Member

    I have a problem annual income around 6 to 7 lac .. but after all my expense I can only save 10,000 per month and my kid studying at 7th and i need to save for professional course after 12th, i.e., in 5 years ... and I need all those money available when there is an emergency at the time of professional course starts, hence I can only go for recurring deposit for 5 years, but i will have heavy tax and I want to avoid the tax ... pls guide me is there any other way i can avoid tax and i can have liquid cash after 5 years.
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