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What is the taxation on ELSS if I redeem from it within the first 3 years?

Redemption within the lock in period of 3 years is not allowed in ELSS

What is the taxation on ELSS returns if redeem before 3 years but after 1 year?
- M Amarnath Reddy

Tax savings mutual funds which are popularly known as ELSS (Equity Linked Savings Schemes) have a 3 year lock in period which means you cannot redeem from this type of fund till your investment completes 3 years. Since you can't withdraw before 3 years, tax does not apply.

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