How Much to Invest for ₹1.5 Lakh Rebate?
Feeling that tax season scramble? Many wonder how to get the full ₹1.5L rebate under 80C. ELSS is key! Learn to invest smart & avoid last-minute stress.
Section 80C offers up to ₹1.5L deduction from taxable income. ELSS funds are equity funds with a 3-year lock-in, offering market-linked growth. Your actual tax *rebate* depends on your tax slab!
First, total your existing 80C contributions (EPF, home loan principal). Subtract this from ₹1.5 Lakh. The remaining amount is what you need to invest in ELSS to hit the max!
ELSS isn't just a tax tool; it's an equity mutual fund. Over the long term, equities can generate significant wealth, potentially outperforming traditional 80C options. Dual benefit!
Ditch the March rush! Invest monthly via SIP for rupee cost averaging and discipline. Avoid common errors: treating ELSS *only* as a tax saver or not understanding the 3-year lock-in per installment.
Ready to maximize your tax savings & build wealth? Use a SIP Calculator to plan your monthly ELSS investments. Visit sipplancalculator.in to get started today!