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Best Tax Saving Instruments in India

Hard working professionals and businessmen are always on the lookout for the best tax saving investments in order to derive maximum benefits from their investments. Investmentz.com brings you the opportunity to invest in top tax saving mutual funds and other tax saving investment options in India! Investing in tax saving schemes not just reduce your tax liability but also help you meet various personal financial goals in your life. Learn how to save Income Tax in India as well as carry out your retirement planning by investing in the following tax saving instruments.

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TAX SAVING MUTUAL FUNDS

Save Tax in India up to a maximum of ₹ 46,350* each year under Section 80C of the Income Tax Act by investing ₹ 1,50,000(max) in Top Tax Saving Mutual Funds (ELSS) Equity Linked Savings Scheme with the lock-in period of just 3 years.

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Tax Benefit u/s 80C
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INVEST FOR RETIREMENT – NATIONAL PENSION SYSTEM

Secure your retirement and save additional tax upto a maximum of Rs.50,000^ under section 80CCD(1B) through tax benefits on NPS by investing in the government sponsored National Pension Scheme.

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Tax Benefit u/s 80CCD

ELSS – Tax saving mutual funds

It’s fast approaching that time of the year when you will start scouting for the best tax savings options in India. Thus, this is one of the best times to choose ELSS as a tax savings option. Most of the times, we tend to ignore this option without realizing its actual earnings potential as an investment asset class. A diversified tax saving mutual fund, Equity Linked Savings Scheme (ELSS) is one where major chunk of the corpus is invested into the equity markets.

What are ELSS tax saving funds?

An investment asset class with the dual benefit of tax savings and investment, Equity Linked Savings Scheme (ELSS) is gaining in popularity these days. As an equity linked savings scheme, ELSS provide investors with the opportunity to grow their corpus while save on taxes.

What are the ways in which you can make an ELSS investment?

ELSS investment can be made either in lump-sum or through the SIP route. There is a lock-in period of 3 years in ELSS tax savings investment. If you invest through the SIP route, please note that each monthly SIP investment will have a 3-year lock-in period, which commences from the date of making the monthly SIP investment

What are the ELSS tax saving investment options in India?

In India, you can invest in ELSS funds by choosing either the growth or the dividend option. When you invest in ELSS funds in India using the growth option, you get a lump-sum amount after the completion of lock-in period. However, in the dividend option, you will get dividend each time the fund announces dividend, even during the lock-in period.

What are the benefits of making ELSS tax saving investments in India?

ELSS tax saving investments in India has the following benefits:

  • Enjoy the dual benefit of tax savings plus investment
  • Benefit from a much lower lock-in period compared with other tax savings investment asset classes
  • Higher returns due to equity exposure element, plus the returns are tax-free upto 1 lakh
  • If you’ve not invested into the equity markets, ELSS is a good way to make a beginning

Can you invest in ELSS online?

Yes, indeed! You can easily invest in ELSS online through your online trading account. We will generally provide you with a list of tax saver fund options which you can choose from. All you need to do is to open a free mutual fund account with us, select the fund of your choice and make payment online.

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