HOW WOULD YOU SAVE 83945 RS ON YOUR TAXES ?
Hello Friends, I got time to write this page after long time. Here, How would you have 83945 RS on your taxes ? 1) Equity Linked Savings Schemes (ELSS) ELSS the tax saving investment with shortest lock-in period and the potential of higher returns. Equity linked savings scheme or ELSS, as they are popularly known, are diversified equity mutual fund schemes that provides capital appreciation and also qualifies for tax saving. Amongst other tax saving instruments u/s 80C, ELSS not only has the potential to deliver higher returns but also has the shortest lock-in period of three years. Key Features : Type of Scheme: Equity-oriented Scheme Asset Allocation: 80-100% equities Scheme Objective: Capital Appreciation Tax Benefits : Investment up to a maximum of ` 1,50,000 is eligible for deduction under section 80 C. You can save a maximum of ` 46,350/- (depending on your income-tax slab) In addition to saving tax, the investor can benefit w