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...
Actual tax benefit will vary from person to person. 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 ...
Yes, you can invest in ELSS funds through SIP. SIPs are a great way to invest in ELSS funds as it allows you to put fixed amount regularly, ensuring you don't have to rush at the last moment and at the same time giving you the benefit of rupee cost averaging. ...
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 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 ...
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...
The unique feature of ELSS funds is their tax-saving benefit under Section 80C of the Income Tax Act, as it gives benefits and allows investors to claim deductions on investments up to Rs 1.5 lakhs. The ELSS Calculator uses this investment amount and the investor's applicable tax slab, which...
Tax saving calculations shown are for illustrative purposes 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 informa...
long term capital gains up to Rs 1 lakh are tax-free. Moreover, the gains exceeding Rs 1 lakh are taxed at the rate of 10% without the benefit of indexation. You may invest in ELSS Funds to accumulate wealth for children’s education, planning for retirement and other long term goals....
Therefore, as an investor, your main focus will be on finding such an investment plan that helps you save tax and aids in generating tax-free income. One of the best ways in getting a tax benefit is to invest in a tax-exempt mutual fund. Tax-exempt mutual funds are simply a ...
Also public sector ELSS schemes are the most risk prone towards the market variations. Market state is more a descriptive variable for the NAVs of private sector ELSS. All the private sector funds under study are giving returns more or less in close proximity to their average returns. ...