Equity-Linked Saving Scheme (ELSS) is a type of mutual fund that is eligible for tax deductions under Section 80C of the Income Tax Act in India. These funds invest primarily in equity shares of companies, and have a lock-in period of 3 years. This means that an investor cannot withdraw their investment before the completionContinue reading “Equity linked savings scheme under section 80c of the income tax act.”
Category Archives: finance
How to save taxes on salary income in india ?
“Save Tax on Salary” There are several ways to save taxes on salary income in India, including: Investing in tax-saving investments such as Public Provident Fund (PPF), National Savings Certificate (NSC), and Equity-Linked Savings Scheme (ELSS) under Section 80C of the Income Tax Act. Claiming deductions for medical expenses, education loan interest, and rent paidContinue reading “How to save taxes on salary income in india ?”
