Investments in Equity linked savings scheme (ELSS) is eligible for tax deduction under section 80C of Income tax act 1961. Under 80C, your clients can avail a deduction of up to Rs 1.5 lakh (in a financial year) from their total income. Assuming your client is in the highest tax bracket of 30%, she can save up to Rs.46,350 in taxes.
Also, the lock-in period of 3 years helps the investments to participate in long term growth potential of equity market.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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