ELSS is Best Tax Saving Investment Options
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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.
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