Tax Saving Mutual fund Scheme - ELSS (Equity Linked Saving Scheme) - India

ELSS (Equity Linked Saving Scheme)- Tax Saving Mutual Fund

I came to know about ELSS during my stay in Mumbai and from my experience I have regarded ELSS as very important tax saving scheme, primarily because of its sheer tax saving and benefit of equity in long term, as its proved fact that Equity as an asset class leads in terms of long term investment and can significantly beat inflation.

Since all the tax saving scheme comes with fixed maturity or lock in period e.g. tax saving fixed deposit are mostly for 5 years, national saving certificate are of 6 years, Kishan Vikash patra are of 8 years, PPF are of 15 years etc, so if compare all tax saving scheme you will find only ELSS has least lock in period of 3 years.

Tax Saving Schemes and Investment options for Salaried employees Indian

Tax Saving Schemes for salaried employees India
As the financial year proceeds to ends many of my colleagues and friends started thinking of about tax saving, though I have always suggested them to do it in planned way from start of the year it never happened. Since we all know that we can save upto 1 lac under Section 80C of the Income Tax Act and there are lots of tax saving scheme available.