Under an ELSS, your funds are handled by fund managers and also have tax benefits. Under Section 80C of the Income Tax Act, you can invest up to Rs. 1.5 lakh in a financial year for tax benefits. Things to remember You can invest any amount in ELSS...
tax bracket may invest in these funds to save taxes. It is because the long term capital gains up to Rs 1 lakh are tax-free. Moreover, the gains exceeding Rs 1 lakh are taxed at the rate of 10% without the benefit of indexation. You may invest in ELSS Funds to accumulate wealth ...
Discover the tax-saving benefits of investing in Equity-Linked Savings Scheme (ELSS) mutual funds. Learn how ELSS mutual funds provide exposure to the stock market.
ELSS Dictionary, Encyclopedia and Thesaurus - The Free Dictionary13,844,524,194visits served TheFreeDictionary Google ? Keyboard Word / Article Starts with Ends with Text EnglishEspañolDeutschFrançaisItalianoالعربية中文简体PolskiPortuguêsNederlandsNorskΕλληνικήРусск...
What are ELSS Mutual Funds? The Equity Linked Savings Scheme (ELSS) are open-ended, diversified equity schemes offered by Mutual Funds Houses of India. A tax benefit is offered underSection 80C of the Income Tax Act, 1961 under this scheme. The ELSS funds schemes have not just become the ...
I will not delve into the full details of what PPF is or what tax-saving ELSS funds are. I am sure you already know most things about them. But just to recap a bit: PPF (or Public Provident Fund)is a government-backed debt product that assures returns that are declared from time to...
Start Tax Saving Structure of ELSS As we know that mutual funds are bifurcated into three broad categories, i.e., equity, debt and Hybrid funds, the ELSS is categorised in the equity asset class. This means it has the majority of the funds being invested in the equity and equity-related...
(ELSS) allow you to earn sizeable returns while providing tax-saving benefits as well. As you prepare for the New Year, take the steps necessary to revamp your financial portfolio. Learn more about how ELSS Mutual Funds are a great investment option for you to consider as you step into ...
Equity Linked Savings Scheme or ELSS are tax saving mutual funds where you can save up to ₹46,800 in taxes under Section 80C with a proven track record of consistent returns. Browse ELSS Tax Saving funds What is ET Money's Tax Saving Solution?
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