ELSS Tax Saving Schemes-Save Tax U/S 80C

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Information about ELSS Tax Saving Schemes-Save Tax U/S 80C
Finance

Published on February 24, 2014

Author: rrfinancial

Source: slideshare.net

Description

As the name of the scheme very clearly suggests, it is a savings scheme that’s linked to equity. And these are the two most important facts to remember even after investing in an ELSS. A savings scheme must necessarily be for the long term, so it’s of no use looking at short-term returns from an ELSS.

Features of ELSS:-

1- Tax Free Dividend
2- Tax Free long term capital gains
3- Shorter lock-in-period of 3 years
4- Full tax deduction Rs. 1 lakh u/s 80C
5- Potential for Higher returns by investment in equity related investment
For more information please visit:- http://www.rrfinance.com

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