Equity Linked Saving Scheme (ELSS) - Tax Saving Funds

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Tax

An Equity Linked Savings Scheme (ELSS) is an open- ended Equity Mutual Fund that doesn't just help you save tax, but also gives you an opportunity to grow your money.

It qualifies for tax exemptions under section (u/s) 80C of the Indian Income Tax Act.

Based on your applicable tax slab, you can save as much as Rs. 45,000 in taxes
Tax Slab Tax Saved under section 80C
30% Rs. 45,000
20% Rs. 30,000
5% Rs. 7,500