Save Tax with ELSS

ELSS can help avoid some portion of the tax deductionFind out how much you can save by investing in ELSS

Total taxable income (in `)
`
Total investment under ELSS (u/s 80C) to be made (in ` )
`

ELSS schemes have the potential to generate wealth over long term. However, an investment of up to Rs. 1,50,000 will be considered for the purpose of calculation of taxes.

Total tax you can save
by investing in ELSS
`5,150
Tax payable
(before investing in ELSS)
`5,150

Take your first step towards saving tax by investing in ELSS!Simply fill in your details below to know more about ELSS

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SUBMIT

What is ELSS

ELSS are diversified equity funds with a lock-in period of 3 years and offers tax benefit under Section 80C

Twin Benefit

Investment Opportunities

Tax benefit

Tax Saving under Sec80C*

Tax Free Dividends

No Tax on long Term capital gains

*Dividends are tax free as per current tax laws, that qualifies for tax exemption under section 80 C. For tax implications, investors are requested to consult their tax advisors

Exposure to equity

Lock-in helps for longer holding period

Power of compounding helps grow capital

TAX SAVING
AVENUES

TAX SAVING AVENUES

Tax Saving Instruments Features

Instruments
Lock-in
Dividends
Market Linked
Systematic Investing

ELSS
3 years
Yes
Yes
Available

PPF
15 years
No Dividends
No
Not Available

NSC
5 years
No Dividends
No
Not Available

Bank FD
5 years
No Dividends
No
Not Available

Insurance
TraditionalULIPs
5 years
No Dividends
NoYes
Premium payment can be done Yearly, Half yearly, quarterly, monthly

Source : India Post

Disclaimer: This list is just a representative list and not a comprehensive one. Investments in market linked products carry higher risks than non-market linked ones. Information on tax benefits are based on prevailing taxation laws. Kindly consult your tax advisor for actual tax implication before investment.

ELSS-ADVANTAGES GALORE

Tax savings:
A rupee saved is a rupee earned!

Saving taxes is important. Tax Savings up to ` 46,800** per annum for an investment up to ` 1.5 Lakhs under Section 80 C of Income Tax Act, 1961.
Lock-in period of 3 Years – much shorter than other tax deductible investment options

Flexible investment strategy

The longer holding period helps in compounding the returns accumulated over the lock in period of the fund

Equity markets participation

Long term investing equity market provides an opportunity to create wealth

**Assuming highest tax bracket i.e. tax rate of 30% plus 4% cess . Information on tax benefit is based on prevailing taxation laws. Kindly Consult your tax advisor for actual tax implication before investment.

Know more on ELSS

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