One of your clients in India, a government employee, would liketo reduce his taxes . He is trying to decide whether he shouldcontribute 50,000 to a Retirement Savings Plan this year. He haslife insurance policy to which he pays a monthly premium of8500.
a. What advice would you give to your client regardingRetirement Savings Plan contribution? Explain your conclusion.
b. What are the other alternative methods through he can planhis income and tax.
