Section 80C is tax saving option where one can invest and claim tax exemption from income upto Rs 1.5lakhs from your total taxable income.This Section 80C is allowed to Individual or HUF.
Investment Options under section 80C. Here is a List
As you can see from the above table,ELSS schemes used to offer higher returns but no guarantee, have shorter lock-ins and all elements including Principal and Capital Gains if any are tax free.
If you have not invested in ELSS schemes before, please consider them for tax saving this year. They have proved to be a smart way to save taxes as well as earn returns higher than inflation.
Investors can opt for dividend option and get regular income during lock period.
Investing ELSS funds through SIP monthly would help you to reduce lump sum investment burden and provide higher returns.
Want to know how to be SAFE FROM INCOME TAX NOTICES? Just give a missed call on Filing Mantra helpline +91-9533990091 or Email to firstname.lastname@example.org, to schedule a call with our tax experts. Filing Mantra offers FREE tips and best practices on how to save tax, be compliant and safe from income tax notices.