Get Growth Potential &Tax Savings at the same time!Invest in Equity Linked Savings Schemes (ELSS), are equity-oriented mutual fund schemes. It is one of the best investment avenues that have the potential to garner high returns and provide tax benefits under the Income Tax Act.
Investments upto INR 1,00,000 are tax free under Section 80C of the Income Tax Act
Locking period of just three years, compared to other tax saving instruments like NSC & PPF which has 5 & 15 years respectively
Dividend earned from ELSS is tax free u/s 10(35) of the Income Tax Act
Being an equity linked scheme, earning potential is high as compared to other tax saving instruments
Long term capital gains (LTCG) earned on investments from ELSS are tax free u/s 10(38) of the Income Tax Act
