Benefits of ELSS: #3 Tax-saving instrument
Monday, May 15, 2017, 11:11 AM
One of the primary reasons to invest in ELSS is to save tax. Investments in ELSS qualify for tax deduction under section 80C of the income tax act. You can invest into ELSS and deduct upto Rs. 1,50,000 from your taxable income to effectively reduce your tax liability.