Showing posts with label elss. Show all posts
Showing posts with label elss. Show all posts

16 December 2016

What is Equity Linked Saving Schemes (ELSS) ??

save tax
Equity linked saving schemes (ELSS), these schemes are open-ended growth schemes with a mandatory 3-year lock- in. These schemes offer the benefit of section 80(C) of IT Act, up to a maximum of Rs 150,000 
The main features of ELSS are - 
Repurchase: Repurchases are permitted after a period of 3 years.
Lock-in-period: The units under ELSS are prohibited from trading, pledging and transfer during the lock in period of 3 years.

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07 December 2016

Save Tax under section 80C in india

Various option are available to save tax under 80 C .

aarpamoney savetax

Under Section 80C a deduction of Rs 1,50,000 can be claimed from your total income .
This deduction is allowed to an individual or a HUF who files Return .

Few Investment Options to save tax 

  • ELSS
  • PPF
  • TAX Saving FD's
  • Life Insurance 
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