Demystifying ELSS for ₹15 LPA earners. Stop over-investing and maximize your tax savings strategically!
HR's email stressing you out? Salaried at ₹15 LPA, wondering how to max ELSS for tax saving? Many over-invest. Let's find *your* sweet spot!
Section 80C allows ₹1.5L deduction. But don't invest blindly! EPF, home loan principal, tuition fees *already* count. Your max ELSS might be less than you think.
1. List existing 80C contributions (EPF, home loan, fees). 2. Sum them (X). 3. Calculate: ₹1.5L - X = Y. 'Y' is your optimal ELSS for tax savings!
It's for wealth creation too! Look for consistent 5-7 year performance, low expense ratios (Direct Plan!), and experienced fund managers. Don't chase last year's topper.
Don't rush in March; SIPs are better! Don't redeem just because 3 years are up – let it grow. Consult an expert, don't just rely on friend's tips.
Ready for smart investing? Use our SIP & Goal Calculators to plan strategically. Your future self will thank you for starting today! sipplancalculator.in