Tired of last-minute tax scrambles? Discover the smart way to max your 80C benefits with ELSS, without over-investing. Let's break it down!
Most people divide ₹1.5 Lakh by 12 & start a ₹12,500/month ELSS SIP. This often leads to over-investment. You might be covering most of your 80C already!
Section 80C is a basket! EPF, PPF, Life Insurance, Home Loan Principal, Children's Tuition Fees, Tax-Saver FDs all count towards your ₹1.5L limit.
Tally your existing 80C contributions (EPF, home loan, fees, etc.). Subtract this from ₹1.5 Lakh. This "gap" is your *actual* ELSS SIP requirement.
ELSS isn't just for tax. It's an equity-linked fund, offering potential for higher market-linked returns. Enjoy a short 3-year lock-in and disciplined growth.
Don't wait till year-end. Don't just pick any fund. ELSS is for long-term growth, don't redeem after 3 years if performing well. Review your 80C annually!
Ready to map out your optimal ELSS SIP? Calculate your gap, then use a SIP calculator to see your wealth grow! Visit sipplancalculator.in