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 Savings...
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 handled by fund managers and also have tax benefits. Under Section 80C of the Income Tax Act...
The investments in ELSS receive tax benefits under section 80C of the Income Tax Act. What is the lock-in period in ELSS Mutual Funds? What is the maximum tax benefit that can be availed by investing in ELSS every year? Why must one invest in ELSS? Who should invest in ELSS? Related...
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.
The tax benefit comes with certain regulatory provisions. These regulatory provisions make the ELSS funds distinct from Diversified Equity Funds. The regulatory provisions of ELSS funds, apparently tend to increase the element of investment risk of these funds as compared to regular Diversified Equity...
ELSS (or Equity Linked Savings Scheme)is a diversified mutual fund that invests in stocks and also offers benefits under Section 80C. There is no limit on maximum investment but tax benefit is available only on Rs 1.5 lakh. The lock-in period is 3 years. Returns are neither guaranteed nor...
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...
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 deductions. Meanwhile, your funds are funnelled into th...
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.
only. Actual benefit will vary from person to person. The user/investor needs to verify all the facts and circumstances with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information. Tax laws are subject to amendments from time to ...