TAX PLANNING

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Tax Planning

Indian Income Tax act provides tax saving options under various sections like 80 C, 80 D, 80G.

Mutual funds through Equity Linked Saving Schemes(ELSS) Provide tax saving under section 80 C up to 1.50 Lakh.

ELSS provides an option to build long-term wealth along with tax saving. Compared to traditional tax saving options like PPF(15 years), NSC (6 Years) or tax saving FD (5 Years), ELSS schemes have only 3-year lock-in.