It is that time of the year when the salaried as well as the non-salaried hunt for various tax-saving investment avenues. A smarter approach is the one where tax-saving is taken up early in the year rather than making it a later affair. When one chooses a tax saving investment there are a few factors that need to be considered like safety, returns, lock-in, and liquidity. Here are various...
When it comes to saving taxes, there are myriad options available but nothing works like Equity Linked Saving Scheme. ELSS or Equity Linked Saving Schemes comes with a lock-in period of 3 years, which is the shortest holding compared to all other tax savings. By Investing in ELSS, one can attain deductions up to INR 1,50,000 from their taxable income as per Section 80C of the Income Tax Act....