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Tax-saving Options

ELSS funds are the best way to save taxes if you can assume risk. See these options if you're risk-averse...

I'm planning to invest Rs. 40,000 in ELSS funds to get tax benefits under section 80C. Is this a good option or should I consider other ways?
- Jaya Krishna K

ELSS funds are the best way to save taxes if you can assume some risk. However, if you're completely risk-averse, then stay away from ELSS funds. In that case, you should consider investing in tax-saving bank deposits or the NSC to save taxes.



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