Tax Saving Alternatives

Why ELSS is the best tax saving investment

You can turn your tax saving investments into a meaningful sum only by choosing the right option. Here is why ELSS wins over other popular 80C options.

Why ELSS is the best tax saving investment

dhanak हिंदी में भी पढ़ें read-in-hindi

The term 'ELSS' stands for Equity-Linked Savings Scheme. The terminology may be old-fashioned but the idea is very straightforward. Mutual fund companies in India operate a set of mutual funds that qualify as ELSS funds as defined by the government. When you invest in these funds, your investment amount can be deducted from your taxable income. This lowers the amount of tax you need to pay.

This article was originally published on July 30, 2021.


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