WebApr 11, 2024 · Tax saving schemes are measures utilised to reduce the amount paid as taxes in the form of various deductions (our favourite is Section 80C. ... ELSS Funds or … WebApr 11, 2024 · Tax saving schemes are measures utilised to reduce the amount paid as taxes in the form of various deductions (our favourite is Section 80C. ... ELSS Funds or Equity-Linked Saving Scheme Mutual Funds. ... the rate of interest in ELSS varies according to the fund’s market performance. And a maximum amount of ₹1.5 lakh …
What is the tax benefit if I invest my money in mutual funds?
WebMar 21, 2024 · Consider reading – Top 10 Best Mutual fund for SIP. List of Best Tax Saving Mutual Funds in India. Here is a list of the best Tax Saving Mutual Funds or ELSS Mutual Funds in India: Fund Name: 1Y Returns: Rating: Fund Size(in Cr) Quant Tax Plan Fund: 23.30%: 5 ₹2,327: Parag Parikh Tax Saver Fund: 13.00%: 5 ₹901: WebELSS funds are tax saving mutual funds that can help save up to Rs. 1.5 Lakhs in taxes. Invest in ELSS funds to save tax and create wealth in the long run! ... ELSS or tax … intent to use 1b
All You Need to Know About Saving Income Tax - ClearTax
WebTax Saving Mutual Funds - Top 10 Tax Saving Mutual Funds in India 2024 Tax Saving Mutual Funds are the added bonus that investments made in them are eligible for tax … WebELSS (Equity-Linked Saving Scheme) Mutual Fund. The equity-linked saving scheme is the diversified mutual fund scheme, which has two different features- first, the investment amount in the ELSS scheme is eligible for tax exemption up to the maximum limit of Rs.1.5 Lakh under section 80C of the Income Tax Act, and secondly, the investment made ... WebOct 8, 2024 · Mutual fund taxes typically include taxes on dividends and earnings while the investor owns the mutual fund shares, as well as capital gains taxes when the investor sells the mutual... john dodsworth ottawa