While there is no upper limit to the amount that can be invested, a maximum of Rs. 1.5 lakh is eligible for a tax deduction as per the IT Act. By investing this amount in an ELSS, one can save up to ₹46,800 a year in tax outgo. Tax benefits of ELSS Mutual Funds ELSS mutual...
For direct ELSS investment, you need to go to the mutual fund website. On the website, you will find two options to invest. First, a quick method to invest directly without creating an account and the second is to create a new account using the “New User Option”. It is better that...
1961 allows tax exemptions for investments in options like Unit Linked Insurance Plans (ULIPs), Public Provident Fund (PPF), and Equity Linked Savings Schemes (ELSS). These investments can reduce your taxable income, leading to lower tax bills. ...
Learn how to choose mutual funds to minimise the extent of risk exposure. Read about looking at the past performance of a fund to assess its stablility and what returns to expect. Click here to know more.
deductible up to ₹1.5 lakh u/s 80C of the Income Tax Act, 1961. Notice that section 80C itself has a cap of ₹1.5 lakhs. If you’re already claiming deductions for other items covered u/s 80C such as LIC premium, the amount deductible for your contributions to ELSS will reduce ...
This tax season, pick the best ELSS tax saving fund for yourself and invest to save tax and build wealth. Go through the experts’ tips to know how.
Starting an investment in SIP is simple. You just need to complete the KYC formalities, register for an account, and start investing. Read more to understand it in detail at Kotak Securities.
DYK: How to make the most of your ELSSKayezad E. Adajania
How much Insurance cover you have from this policy? If you were to buy Term Plan what will be the cost? Subtract your term plan premium from your current annual premium of Rs. 49000. You may be aware that Jeevan Saral is unlikely to give you more than 6 to 7% ...
And soon, desi people online showered him with advice – some helpful and some downright bizarre! From opening a Provident Fund to investing in properties, here is what people online had to say: 1)PPF or ELSS fund 2) registering a company gives you many benefits like gst rebates and showin...