By investing in Equity Linked Savings Schemes (ELSS) Investors can get tax deduction of up to Rs 150,000 from their taxable income under Section 80C of Income Tax Act 1961. Equity Linked Savings Schemes (ELSS) is an equity scheme and also known as Tax Saver Mutual Funds. How Does ELSS Scheme Work ELSS schemes invest […]
8 Mistakes to Avoid While Investing in ELSS
The humble offering of the mutual fund’s arena, ‘equity linked savings scheme’, is looked upon as a tax saving instruments by many. Albert Einstein rightly quoted- “The hardest thing in the world to understand is the income tax.” And investors have resorted to ELSS to work its magic on tax saving. While investors are more […]