Tax planning is one of the most important priorities for individual tax payers. It is a daunting task to save tax, but with the help of tax saving scheme, you can not only save your taxes but even grow your wealth. In order, to find the best schemes it is essential to understand about the various tax saving funds, commonly known as ELSS or equity Linked saving schemes;
What is tax saving fund?
The tax saving mutual funds is closed ended Mutual Fund where the money is locked in for 3 years .Individuals and HUF are allowed to invest up toRs 1.5 lakh under Section 80 C of the Indian Income Tax Act. Returns from these investments are all tax free.
ELSS (Equity Linked Savings Scheme) has several advantages as compared to other products eligible under section 80C;
How can Mutual Fund Wala help in saving tax?
At MutualFundWala, we help in selecting the best ELSS, tax saving mutual funds for you that will foster long-term profits. You will not only be able to beat inflation but may earn an ROI of over 15% CAGR
Comparison of Top Tax Saving Funds