Tax Planning Solution

Tax Saving Mutual Funds – ELSS Annexure 1

OBJECTIVE

• Provides Tax benefits under Section 80C of income tax Act.

• ELSS is ideal for investor who would like to save tax along with the capital

Why ELSS – Equity Funds Saving Schemes

• No Capital Gain Tax at maturity

• Capital Gain growth record is much better than any other tax saving schemes under Income Tax
  Act

• For Tax benefit we can invest up to Rs.1,50,000 and this amount get reduced from the taxable income.


Focus

• Medium to long term investment

• Lock in period is just 3 years as against much longer lock in period of other tax saving solutions

• Tax Free Returns :- When you withdraw your investment after three years, the returns are totally tax free. You save taxes in both your initial investment and also on the returns