ELSS Tax Saving Mutual Funds Give You Tax Benefits

Tuesday, March 25th, 2008

Under section 80C, Indians can invest upto Rs 1 lakh in ELSS (Equity Linked Saving Scheme, also commonly known as Tax Saver schemes) funds per year/per individual. The amount invested in a ELSS/Tax Saver scheme is Tax deductible on your tax return.
Example :-
Say you are a male and earned Rs 2 lakh. You invest Rs […]