Elss Tax Rebate // spartanimports.com
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Tax Implications: – Investment in ELSS up to Rs 1.50 lakhs in a financial year is exempted from income tax under Section 80C of Income Tax Act. It gives an income tax rebate of Rs 46,800 in the highest tax slab i.e. 30%. – Dividend received in ELSS is also not taxed in the hands of investors. ELSS: Your Gateway to Save Tax Rebate Income tax saving is one of the most searched keywords on the internet by the new salaried professionals who recently have started their career and aren’t aware of the reliable ways of saving the income tax without breaking any legal rule or. What is ELSS Tax Saving Mutual Fund? How ELSS Work?, Advantages & How to invest in ELSS? If you are already an experienced investor of the stock market, then you shall be well-acquainted with various kinds of taxes on returns from various kinds of investment activities. 26/04/2019 · ELSS are tax saving mutual funds. ELSS is Equity Linked Savings Scheme that provides tax benefits under section 80. It is a type of mutual fund where lock-in period is 3 years. In this hindi video, we learn - what is ELSS, advantages of ELSS, how it compares with PPF, NPS, FD, NSC and other tax.

Contact For Free Consultation. Name: E-mail address. ELSS clubs financial planning with tax planning – ELSS enables exposure to equities, which have historically proven their ability to generate better returns. The equity market benchmark S&P BSE Sensex has delivered 13% returns over a decade ended October 2015, compared with 8-10% yielded by tax-saving debt instruments. 24/11/2019 · It is being provided to reduce the tax burden of lower income bracket. Who is eligible to claim rebate under 87A? If you are a resident in India and your total income does not exceed Rs. 500,000 earlier it was 3,50,000 in 2018-2019 financial year then you are eligible to claim the rebate under section 87A. Section 87A of the Income Tax Act: Eligibility to Claim Rebate Under Section 87A FY 2019-20, AY 2020-21. It is the tax rebate for an individual whose net income is less than Rs 5 lakhs.

23/12/2019 · Investments in ELSS qualify for a tax deduction of up to Rs 1.5 lakh under Section 80C By Research Desk Currently, I am investing in SBI Magnum Global Fund, SBI Pharma Fund, UTI Transportation and Logistics Fund, UTI Mid Cap Fund, UTI MNC fund, and HDFC Mid-Cap Opportunities Fund via Systematic Investment Plans SIPs.
ELSS Funds are the funds where you can invest and get tax benefits. Know more about What is ELSS / Equity Linked Savings Scheme in India? Get detailed information and FAQs on ELSS Funds, Tax Saving Mutual Funds schemes. 16/03/2019 · ELSS funds give individuals a tax rebate on the investment up to a cap of Rs1.50 lakh per financial year under Section 80C of the Income Tax Act, and secondly, since ELSS is an equity fund, it aids in wealth creation over the longer term. Mar 16, 2019 05:03 IST India Infoline News Service.

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