ELSS

ELSS vs PPF: Comparison of ELSS with PPF 

7 minutes

Public Provident Fund (PPF) has traditionally been one of the preferred investment options to save taxes, as it provides fixed returns through interest income and aims to cater to long-term investment needs. Hence, it suited the preferences of conservative investors looking for assured returns. However, with the evolution of financial markets, increasing awareness of financial planning, and the availability of newer options, investors are exploring choices beyond PPF.

How ELSS will help you to achieve your long-term financial goals? 

3 minutes
Equity Linked Savings Scheme (ELSS) is a specific category under the broad category of equity mutual funds, which is eligible to provide a deduction from the total income of up to Rs. 1.50 lakhs in a financial year as per Section 80C of the Income Tax Act, 1961. Investment in such funds is only one amongst the bouquet of tax-saving investment options.

Advantages of investing in an ELSS 

5 minutes

Income Tax laws in India provide several tax benefits and incentives to the taxpayers. Tax deduction under Section 80C of the Income Tax Act, 1961 is one of the most commonly used tax benefits. The section provides a deduction of up to Rs. 1.50 lakh to the taxpayers from their taxable income for making certain eligible payments and investment options.