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Feb 19, 2013, 04.35 PM IST | Source: Moneycontrol.com

ELSS - The means for Tax Optimization

ELSS - Providing a perfect solution for tax payers seeking for lower taxation and higher real returns over longer tenures, this category time and again has proved its superiority over other investment products covered U/S 80C, of IT Act 1961.

By Eastern Financiers Ltd.

Equity Linked Savings Schemes (ELSS) -  Providing a perfect solution for tax payers seeking for lower taxation and higher real returns over longer tenures, this category time and again has proved its superiority over other investment products covered U/S 80C, of IT Act 1961.

The countdown has begun as the financial year has almost come to an end bringing alongwith the final whistle for tax payers to plan their income and claim tax benefits lawfully allowed to Indian citizens. Today with much of financial awareness doing the rounds, the importance of saving taxes no more demands any explanation as the earning populace has grown intelligent enough to finding means to avoid letting the Taxman dig bigger holes in their pockets by making investments in various financial instruments covered under the Income Tax Act, howsoever, the area of concern that still persists is “identifying the right avenue” as with the market flooded with plethora of options, the whole objective of tax optimization is defied if an investor commits any mistake in choosing the optimum route. Various studies undertaken in the past have substantially proved the superiority of ELSS over other products offering benefits U/S 80C of the Income Tax Act, 1961.

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