My father (Central Govt. Employee) expired on 26th May 2016, 4 days before retirement, which was on 31st May 2016.
So, in return my mother (Age-55) received following amount:-
12L as death relief fund from employer
10L as final settlement including last month salary and leave encashment
10L as gratuity
85L EPF amount
30L death claim from LIC/Bajaj Allianz/MaxLife
I would like to know, firstly, which all amount listed above are tax exempted? Secondly, I want to invest above funds and build capital/multiply above capital. My mother don’t need any amount for monthly maintenance. Because she is already receiving enough amount from monthly rent.
Could you please suggest investment instruments that she can opt.
Timespan for investment is longterm.