lakh. ELSS is one of the best options to save taxes and create wealth in the long term. What’s more, you can avoid the hassles of last-minute tax planning by investing in Equity Linked Saving Scheme (ELSS) via a monthly SIP & end up saving up to Rs. 46,800* in ...
ELSS, or Equity Linked Saving Schemes, are mutual funds that invest in equities and allocate some funds to the debt market. They are categorised as tax-saving mutual funds that fall under Section 80C of the Income Tax Act. Under this act, ELSS funds allow you to claim deductions of up ...
Insurance gives you the double benefit of financial security for your loved ones and tax saving. Premiums paid up to ₹1,50,000 in life insurance schemes are exempt from tax under Section 80C subject to conditions. Additionally, if the policy pays you an amount on maturity (like in Saving...
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.
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?
Q.What are the benefits of ELSS? Q.How does ELSS allow me to save on taxes? Q.Who should invest in ELSS? Q.How do I invest? SIP or Lump Sum? Q.Are the returns on ELSS taxable? Q.How to use this tax saving calculator?
Post-tax returns, ELSS mutual fund is much attractive than the other tax-saving schemes. Factors to consider while investing in ELSS fund: Before investing in ELSS fund it is important to consider the following factors: Investment goal: To invest in an ELSS mutual fund it is important to ...
while they generate a fixed return, they are generally unable to create the wealth that you need after accounting for inflation. You have the option of investing in ELSS: Equity Linked Savings Schemes – these not only fulfil the purpose of the tax saving but can also help you get better ...
While there are several tax saving instruments that qualify under Section 80C of the Income Tax Act, 1961, Equity Linked Savings Scheme (ELSS) has a special importance. It provides the least possible lock-in period among all tax saving instruments besides providing equity asset investment exposure...
Best ELSS mutual funds to invest for tax saving We have analyzed 4 best ELSS mutual funds which can be invested for tax planning purpose. However, instead of investing a lump sum amount, invest in these top ELSS mutual funds through SIP to get higher returns. ...