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ELSS or Tax Saving Mutual Funds
The Government of India provides tax deduction up to a limit of Rs. 1,00,000 when an individual invests in an ELSS scheme.
It's just like any other deduction under 80C section. Please note that the cumulative deduction is One lakh. So if you made other investments for 50,000 for eg., in PPF, insurance, National Savings Scheme then you can make use of the remaining 50,000 for ELSS investment.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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