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People smartly invest a portion of their savings into Equity Linked Saving Scheme (ELSS) to reap the benefits of a tax deduction under Section 80C of the Income Tax Act, 1961. The maximum deduction one can claim under Section 80C…
NATIONAL SAVINGS CERTIFICATE The national savings certificate is an investment scheme that can be opened up with any post office in India. It is a fixed income scheme initiated by the government of India enabling the investors to save on…
Equity Linked Saving Scheme (ELSS) is a particularly popular tax-saving instrument, mainly because of having the lowest lock-in period among the options available under Section 80C. Even so, there are hundreds of options available and choosing the one that’s right…
ELSS owe most of their reputation to the tax deduction aspect of investment it provides. While that is true and the attraction point for most investors, you should not limit your vision but use this investment instrument to its full…
Until recently, whenever tax deduction was mentioned, Equity Linked Saving Schemes (ELSS) was the only instrument that came to mind. From Union Budget 18-19, Unit Linked Insurance Plans (ULIP) have become another option worthy of thought, with no tax on…
Section 80C of the Income Tax Act allows for a deduction of up to Rs. 1.5 lakhs from an assessee’s taxable income if the assessee invests in any of the instruments mentioned under this section. There are various instruments that…
The Axis Long Term Equity Fund is an open-ended, highly diversified equity fund that has the objective to provide the investor with long-term capital appreciation and income. This fund invests primarily in mid-cap and large-cap companies with a sustainable business…
The Public Provident Fund (PPF) scheme of 1968 has been one of the most popular tax-saving investments in the country, after all, this scheme provides a guaranteed rate of return and returns on these investments are tax-free and interest is…
Equity-linked Saving Schemes are mutual funds that have a majority of the financial corpus invested in equity. Under Section 80C of the Income Tax Act, 1961 these investments have various tax advantages which have been listed below. 1. Lock-in Period:…
Equity Linked Saving Schemes are tax savings fund where an individual can save up to 1.5lacs in a year under section 80C of Income Tax Act 1961. These funds have a lock-in period of 3 years with the long-term capital…
