ELSS vs ULIP: Where should you invest for tax saving in FY22?
Updated Feb 10, 2021 | 12:15 IST In order to choose the best-suited product for yourself, you need to understand the merits and demerits of both products. Here are the merits and demerits of both ELSS and Ulip. Representational image New Delhi: As the Union Budget 2021-22 has proposed to tax maturity proceeds of unit-linked insurance plans (Ulips) where the annual premium is more than Rs 2.5 lakh, the attractiveness of Ulips for high net worth individuals has ended. However, as Section 80C of Income Tax Act provides deductions up to Rs 1.5 lakh on both Ulips an...
Source: timesnownews.com