Buy Tax Saving Mutual Funds Online (ELSS Funds)
Tax saving mutual funds (ELSS funds) are diversified equity funds that offer tax benefits to investors under section 80 C of the Income Tax Act up to an investment limit of Rs. 1,50,000 a year. Investors who buy tax saving mutual funds online or physically have a lock in period for 3 years. The returns are taxed at 10% if the capital gain from equity is greater than Rs 1 lakh in a financial year. To buy best tax saving mutual funds for tax exemption, please click on the link below Investment options to saving tax under 80C · Investments in Public Provident Fund (PPF) Deposits made during a year in PPFs earn a tax break under Section 80 C of up to Rs 1.5 laths. You get guaranteed interest by Government of India; however interest has been reduced to 7.8% since July 2017. PPF tenure is 15 years post which withdrawals are tax free. Premature withdrawals can be made in the form of loan against a PPF account. · Investments in Employee Provident Fund (EPF) Your con...