ELSS mutual fund is the only category of mutual fund that comes with the tax benefit. Let’s understand in detail about the ELSS tax benefits: As per the Income tax rules, investments in Equity Linked Savings Scheme are eligible for tax deduction under Section 80C. You can claim a deduction...
Avail income tax benefits with our top rated funds Open an NRI Savings Account At a Glance At DBS Treasures, you can invest in Equity-linked Savings Schemes and get a tax benefit under section 80C of the Income Tax Act. Under an ELSS, your funds are ...
Features of an ELSS Mutual Fund: Dual Benefit ELSS funds are the only type of mutual funds in the Indian market, that give you the dual benefit of a tax rebate and wealth appreciation. Under Section 80C of the Income Tax Act, 1961, one can save Rs 46,800 in a year, as tax deductio...
Tax Benefits: When you invest in ELSS, you can avail of tax benefits as perSection 80Cof the Income Tax Act, 1961. You can claim deductions up to ₹1.5 lakhs from your taxable income. Lock-in Period: While investing in ELSS means you have to deal with a lock-in period, it is r...
Tax benefit shown here is calculated at the highest tax slab rate of 31.2% (excluding surcharge if any) and including education cess on the maximum allowable deduction of INR 1,50,000 for ELSS / Life Insurance products under Section 80C and on the maximum available deduction of INR 25,000(...
With Paytm Money, invest in ELSS mutual funds & save taxes under section 80C of Income Tax. Choose from top performing ELSS tax saver schemes of 2024.
Learn about ELSS Mutual Funds, a tax-saving investment option in India. Understand how ELSS funds work and their benefits for long-term wealth creation.
Tax Saving Schemes: Make Investment in ELSS mutual fund, NPS (Pension Plan), Health & Term Insurance to save tax up to ₹78,000 under section 80C,80CCD & 80D.
Under an ELSS mutual fund scheme, you can claim a tax deduction of ₹1,50,000 under Section 80C of the Income Tax Act. This is the only type of mutual fund which entitles such a benefit. You have the potential of earning higher returns over a longer investment horizon. ...
of India in the year 1992 introduced the Equity Linked Savings Scheme (ELSS) mutual funds. Investments into the scheme qualify for tax benefit. The tax benefit comes with certain regulatory provisions. These regulatory provisions make the ELSS funds distinct from Diversified Equity Funds. The ...