Ever frantic about tax saving? Discover ELSS, the smarter way to cut your income tax for FY 2024-25 while building serious wealth. Stop the last-minute scramble!
ELSS (Equity Linked Savings Scheme) is a mutual fund investing in stocks. It qualifies for up to ₹1.5 lakh deduction under Section 80C, lowering your taxable income.
With just a 3-year lock-in, ELSS beats PPF (15 years) and FDs (5 years). It offers market-linked returns, making it powerful for both tax saving and wealth creation.
If you're in the Old Tax Regime, ELSS directly reduces your taxable income. E.g., investing ₹1.5L in ELSS can save you ₹30,000+ cess in the 20% slab!
Under the New Tax Regime, you forgo 80C deductions for lower tax rates. ELSS won't reduce your tax, but it remains an excellent equity investment for wealth growth.
Don't invest last-minute in March! Start an ELSS SIP from April for Rupee Cost Averaging. View it as a core equity investment, not just a tax tool. Think long-term.
Ready to optimize your finances? Use our calculators to plan your ELSS SIPs and achieve your goals. Visit sipplancalculator.in for SIP and Goal SIP Calculators!