Under the old tax regime, investments in Equity Linked Savings Scheme (ELSS) are the only instrument eligible for a deduction under Section 80C of the Income Tax Act, subject to a 3-year lock-in period.
8 min read28 Feb 2023But according to experts, these changes would make investing in ELSS to reduce taxes less appealing for people with taxable income up to ₹7 lacs, let’s know how.
5 min read8 Feb 2023However, out of all of these instruments, the Equity Linked Savings Scheme (ELSS) is the most well-known because it has the shortest lock-in period of 3 years—and has a track record of producing better returns over the long term than fixed deposits, post office schemes, and other tax-saving investments that fall under section 80C.
4 min read22 Jan 2023Taxpayers can save tax under various sections through investments, the most popular being ₹1.5 lakhs under Section 80c. ELSS funds are one of the investment options. A look at the list of top ELSS funds, compiled by Sharekhan by BNP Paribas
17 Jan 2023Equity Linked Savings Schemes (ELSS) are the most popular choice when it comes to section 80C tax deduction on various investments up to ₹1.5 lakh per year from your taxable income.
2 min read2 Jan 2023PPF, ELSS mutual funds, Post office term deposits, etc are some of the investment tools that allows income tax exemption to an earning individual
4 min read31 Dec 2022Each investment option has its own pros and cons, as well as a sector to which it belongs. In the case of the Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF), and Unit Linked Insurance Plan (ULIP), ELSS falls under the equity category, PPF under the debt category, and ULIP is an insurance product.
4 min read30 Dec 2022An Equity Linked Savings Scheme (ELSS) is a mutual fund that permits an individual to claim income tax deduction. At the time of investing in ELSS one can enjoy several benefits and the appended feature of tax exemption. Let's take a closer look at this
2 min read4 Jun 2022As per Section 64 of Income Tax Act, any income, which arises to your wife on the amount/asset gifted by you, shall be added to your income
2 min read15 Sep 2020PPF is a very good instrument from the point of view of returns, however there is a lock in of 15 years associated with it which makes the liquidity a drag.
1 min read27 Aug 2020The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared