Has a lock-in of 15 years, NPS is locked-in until you’re 60, others When you compare the lock-in of instruments under Section 80C, If you fall in the 20-30% tax slab, you can end up saving a good amount every year by investing in ELSS.Īll tax saving investments typically come with a mandatory lock-in For long-term capital gains (LTCG) over Rs1-lakh, you need Rs1,00,000 annually (as proposed in Budget FY19) for investments held 1,50,000 in ELSS to claim deductions on Income Tax.Īpart from this, you get tax-free capital gains and dividends up to Under Section 80C of the Income Tax Act, 1961, you can invest up to Rs. To investments in the equity market, along with dual tax benefits under Let’s Understand the top 5 reasons to invest in ELSS.Įquity-linked savings schemes, commonly known as ELSS, are mutualįunds that primarily invest in equities. Or tax saving/planning mutual fund schemes are the best tax saving Market, here we would tell you why Equity Linked Savings Scheme (ELSS) As there are plenty of tax saving instruments available in the Most of the people start thinking about saving tax in the month of
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