Save on TAX - ELSS

What is ELSS?
Equity Linked Savings Scheme or ELSS is considered as one of the best Tax saving products due to the lowest Lock-in period and tax saving facility on both ...
Fri, 17 May, 2019 at 2:18 PM
Where is the money invested in ELSS, how is it better than other TAX saving products?
The money in ELSS is invested into best Equity schemes and is definitely better than other conventional TAX saving products like FDs, NPS, PPF etc. w.r.t di...
Fri, 17 May, 2019 at 2:18 PM
What is the Lock-in period in ELSS and the maximum TAX benefit available?
The money invested in ELSS is locked for 3 years from the investment date and cannot be withdrawn under any circumstances. Though you can invest any amo...
Fri, 17 May, 2019 at 2:19 PM
Is there any TAX implied on the gains on ELSS investment?
Due to the Lock-in period of 3 years, the gains on ELSS investment are considered as long-term gains and are taxable at 10% over gains above Rs 1 Lakh.
Fri, 17 May, 2019 at 2:20 PM