You can claim a tax deduction of up to Rs 1.5 lakh on your investments in tax planning mutual funds
Does a Systematic Investment Plan (SIP) in an Equity Linked Savings Scheme (ELSS) qualify for a tax deduction?
- Shankerlal Soni
Your investments in Equity Linked Savings Scheme (ELSS) or tax planning mutual funds qualify for a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act.
This article was originally published on January 27, 2016.
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