However, what sets them apart is the tax advantages of ELSS funds under Section 80C of the IT Act 1961. Investing in these eligible instruments can help individuals reduce their taxable income up ...

There are many tax-saving instruments available under section 80C of the Income Tax Act. In this post, we compare two popular tax-saving instruments- ELSS and PPF. While both options help you save ...

Under Section 80C of the Income Tax Act, investors can claim a deduction of up to ₹1.5 lakh from their taxable income by investing in ELSS funds. This deduction is one of several deductions ...

This means more and more taxpayers will now choose the new tax regime, particularly those falling in the lower income bracket ... Investment made in ELSS, PPF, SPF, RPF, payments made towards ...

Although the typical deductions for investment in the tax-saving instruments such as PPF, ELSS, KVP and NSC ... mentions Income Tax portal. 2.Deduction under 80CCD (2): This section deals with ...

Tax savings tools: Equity-Linked Savings Schemes (ELSS), also known as tax-saving mutual funds, present the opportoffer investorsor higher returns while also offering tax advantages for investors.