Save Tax And Make Your Money Grow Using ELSS
Equity Linked Savings Schemes (ELSS): Save upto Rs. 46,800 by availing Tax Deduction under Section 80C.
ELSS Calculator
ELSS Calculator
Income Details
Savings under 80C
*The ELSS calculator is for illustrative purposes only and is subject to inputs.
Based on the Information shared:
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your Income Tax
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amount you can save
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by investment in ELSS
Tax-saving Options under Section 80C
*Past perfomance may or may not be sustained in future
| Options | ELSS | PPF | EPF | NSC | FD* | NPS | ULIP | Life Insurance | SSY@ |
|---|---|---|---|---|---|---|---|---|---|
| Risk | Very High | Low | Low | Low | Low | High | Moderate to Very High | Low | Low |
| Avg. % Returns | 10 - 15% | 7.10% | 8.25% | 7.70% | Up to 8% | 9 - 12% | 8 - 10% | Varies | 8.00% |
| Lock-in Period | 3 years | 15 years | Till retirement | 5 years | 5 years | Till the age of 60 | 5 years | Varies | 21 years or upon marriage |
| Tax Exemption |
Taxable | Tax-free | Tax free | Taxable | Taxable | Partially taxable | Partially taxable | Tax-free | Tax-free |
| * Tax-saving Fixed Deposit / @ Sukanya Samriddhi Yojana | |||||||||
ELSS FAQs
What is the best way of investing in ELSS - lumpsum or SIP?
SIP is always recommended as it spreads your investments throughout the year reducing the risk of entering the market at a wrong time. In case of lumpsum, you run the risk of entering the market at a high point which may fall sharply thus eroding your investment.
Which ELSS is better - growth or dividend?
If you’re looking for long term investment, growth ELSS is recommended. Dividend ELSS come with a lock in period of 3 years with reinvestment and hence should be considered carefully.
Is ELSS a safe investment?
ELSS is a type of mutual fund. Mutual fund investments are subject to market risks and it is always advisable to read the offer documents carefully before investing.
What is the full form of ELSS?
ELSS stands for Equity Linked Savings Scheme
How much tax can I save by investing in ELSS?
You can avail up to Rs. 1,50,000 under section 80C and if you fall in 30% tax bracket then you can save taxes worth Rs. 46,800*.
*According to Annual Budget 2019, subject to revisions.
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