Wednesday, January 17, 2024

How to invest in tax-saving ELSS mutual funds online

Investing in ELSS to save tax: ELSS mutual funds, a tax-saving tool with a short lock-in period, provide a tax deduction of up to Rs 1.5 lakh under section 80C for those selecting the old tax regime. They carry higher risk and volatility compared to tax-saving fixed deposits. The investment amount can be as low as Rs 500, with a maximum tax break of Rs 1.5 lakh. KYC compliance is required before investing.

from Tax-Wealth-Economic Times https://ift.tt/3ns0bC1

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