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.
AUMMutual Fund Taxation Exit LoadXIRR Expense RatioCAGR NAVSIP Systematic Withdrawal Plan (SWP)Fund Manager Hedge FundsHow To Invest in Mutual Funds Written BySridhar Sahu Sridhar Kumar Sahu is a Content Writer for ET Money. He has over six years of experience in covering personal finance topics...
Investments in ELSS under Section 80C are exempt from taxation. Investment of Rs 1,50,000 in non-traditional modes like mutual funds can help you save Rs 46,350 in taxes and earn market linked rates of return. Always consider splitting your ELSS as per your investment time horizon. If you...
Now let us come to the taxation on ELSS gains. Gains are generally classified into two categories – short term capital gains (STGC) and long term capital gains (LTCG). Short term capital gains are profits derived from the sale of capital assets or shares or investment scheme before one yea...