But according to experts, these changes would make investing in ELSS to reduce taxes less appealing for people with taxable income up to ₹7 lacs, let’s know how.
However, out of all of these instruments, the Equity Linked Savings Scheme (ELSS) is the most well-known because it has the shortest lock-in period of 3 years and has a track record of producing better returns over the long term than fixed deposits, post office schemes, and other tax-saving investments that fall under section 80C.
Looking to save income tax but don’t know which financial instruments to invest in? Don’t worry, we have got you covered! Here’s a list of investment options that can help you save taxes this year.
Market regulator Securities and Exchange Board of India (SEBI) on Monday announced changes to guidelines for passive funds, aiming to boost exchange-traded funds (ETFs).