Unlock the secrets to significant tax savings with ELSS mutual funds. Find out how much to invest & why your tax bracket matters!
Saving ₹50K tax with ELSS isn't 'invest X, save Y.' Your tax bracket (20% vs 30%) dictates how much you truly save on the ₹1.5L 80C limit.
Invest the full ₹1.5 Lakh in ELSS. If in 30% slab, save ~₹46,800. In 20% slab, save ~₹31,200. Check existing 80C contributions (like EPF)!
Avoid March rush! Use a SIP calculator to break ₹1.5 Lakh into monthly installments (e.g., ₹12,500/month). Build wealth & save tax systematically.
ELSS is great, but combine with NPS (additional ₹50K deduction), Health Insurance (80D), or Home Loan Interest (24B) to reach ₹50,000+ tax saving.
Don't rush in March. Respect the 3-year lock-in. Remember ELSS is equity, not pure debt. Review performance post-lock-in. Choose wisely!
Calculate your ideal monthly SIP for ELSS investments! Visit sipplancalculator.in to get started and manage your taxes smartly.