ELSS is Best Tax Saving Investment Options

ELSS is an equity oriented scheme and invests more than 65 percent of the allocation into equities, and the long-term capital gain in them is zero and the dividends are tax-free. As we all must know that ELSS is best tax saving investment options the basic reason is that ELSS has minimum lock-in periods as compared to other schemes. For most investors those who depend on salary and they coming under the tax slab, Investment in ELSS for tax saving is beneficial. Tax-saving financial products like the National Savings Certificate (NSC), Senior Citizen Savings Scheme (SCSS) has more lock-in periods as compared to ELSS. Investors can save their taxes upto Rs. 46,350/- u/s 80c if investing in tax saving funds. So if worrying to save taxes for that ELSS is one of the best schemes that help for tax deduction.