ELSS allows up to Rs 1.5 lakh tax deduction under Section 80C of the Income Tax Act, with a three-year lock-in. Switching ...

Section 80C lowers your tax liability by a maximum of ₹1.5 lakh through instruments like PPF, ELSS, and life insurance premiums. But once that limit is reached, most taxpayers overlook other ...

Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...

When it comes to income tax planning in India, Section 80C of the Income Tax Act is the most widely used tax-saving option.

Overview: ELSS funds offer tax deductions up to Rs. 1.5 lakh under Section 80C.They have the shortest lock-in period of three ...

Payment of premium on life insurance policy and health insurance policy not only gives insurance cover to a taxpayer but also offers certain tax benefits. In last year's budget, the Tax Benefit on ...

The pension regulator has reduced mandatory annuity purchases, removed lock-in periods, allowed investment until age 85, ...

Interest rates on recurring deposits are usually similar to those on savings accounts but may vary depending on the bank and ...

Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, ...