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How to make your Tax-Saving Investments
Equity Linked Saving Schemes (ELSS) provide a good avenue for capital appreciation and tax benefit under section 80C of the Income-Tax Act, 1961.
Benefits of ELSS
Tax Benefits
- Deduction under section 80C
- No tax on Capital gains
- Dividends are tax free in the hands of investor
Lock in period (3 years)
- Lowest among all tax saving instruments under
section 80C
- Long enough to minimize market volatility
Better Return
- Compared to all tax saving instruments under sec 80C
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