Uncomplicate your taxes! Discover how ELSS helps you save and grow money. Decode the numbers and strategies for smart tax planning. Start saving today!
ELSS is an Equity-Linked Savings Scheme, a mutual fund for Section 80C tax benefits. Invest in equities for growth, with India's shortest 3-year lock-in period!
Max 80C deduction is ₹1.5L. Investing ₹1.5L saves ₹31,200 (20% slab) or ₹46,800 (30% slab) including cess. ₹50K via 80C ELSS alone isn't possible.
ELSS is more than just tax saving! It's an equity fund with potential for market-beating returns (12-18% historically). Leverage compounding for long-term wealth.
Always choose SIP for ELSS! Benefits include Rupee Cost Averaging to reduce market volatility, plus discipline and convenience. Avoid the last-minute tax scramble.
Avoid these ELSS blunders: The last-minute rush, ignoring wealth potential, not respecting the 3-year lock-in, and chasing past returns. Plan your portfolio wisely!
Ready to maximize tax savings & grow wealth? Use our Goal SIP & Tax Calculators at sipplancalculator.in. Start investing wisely today!