You can invest up to Rs 1.5 lakh in tax planning mutual funds under Section 80C
How much can I invest in Equity Linked Savings Scheme (ELSS) and claim tax deduction under Section 80C?
- Banamali Samanta
Investments in ELSS qualify for tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act. These funds come with a mandatory lock-in period of three years.
This article was originally published on October 19, 2015.
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