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|