“The hardest thing in the world to understand is the income tax.”
–Albert Einstein
Fact with evidence: A prudent tax planning gave an additional maturity amount of Rs. 51,28,344/- **
Equity Linked Saving Scheme(ELSS) is the option available in Mutual Funds which provides tax saving under section 80C.
Why it is considered as an ideal investments for tax saving (under 80C)?
Features of ELSS – The Positives
Shortest lock-in (only three years)
Tax efficient Returns
Proven Track Records
Low Cost and Professionally Managed
Flexibility in investment
Precautions of ELSS
It may be volatile in short duration of time intervals but continuous exposure helps you create remarkable gains.
One can invest in these funds either in lumpsum or through Monthly Systematic Investment Plan(SIP)/ Systematic Transfer Plan (STP).
