Hello Community Members,
Most taxpayers finalise their investments in the last three months of the financial year (January-March). Most of them look for investment options available under Section 80C of the Income Tax Act. The Section 80C of the Income Tax Act allows tax deduction of up to Rs 1.5 lakh in a financial year on investments in a few specified instruments. If you are trying to save taxes in this financial year, you can consider investing in tax-saving mutual funds or ELSSs.
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) help you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested to know?
Best ELSS or tax-saving mutual funds to invest in March 2024:
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Canara Robeco ELSS Tax Saver Fund
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Mirae Asset ELSS Tax Saver Fund
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Invesco India ELSS Tax Saver Fund
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DSP ELSS Tax Saver Fund
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Quant ELSS Tax Saver Fund (new addition)
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Bank of India ELSS Tax Saver (new addition)
Community Manager.