Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure? We break down the latest slabs, tax rates, and savings for different income levels. Watch now to find out which regime is best for you!
In the dynamic landscape of personal finance, tax-saving investments hold paramount importance in securing a stable financial future and maximizing wealth. Among the various options available, equity-linked savings scheme (ELSS) funds have emerged as a popular choice for Indian investors. ELSS funds not only offer the potential for good returns but also provide tax benefits under Section 80C of the Income Tax Act. This comprehensive guide aims to unlock the world of ELSS funds and shed light on their unique features and benefits, empowering Indian investors to make informed decisions and save tax while building wealth.
Equity-Linked Saving Schemes (ELSS) or tax-saving equity funds stand out due to their lowest lock-in and pure equity-linked return in the crowded Section 80C tax deduction basket. ELSS have delivered better return if held for long-term
Tax-Saving mutual funds: Equity-Linked Savings Schemes (ELSS) remains the only pure equity instrument, as par of the Section 80C tax deduction basket. And January – March is usually the time period when investors do their last-minute tax saving instruments. But these funds appeal to the long-term investor as well, even if your tax deductions are taken care of. Just mind the lock-in
The interim Budget 2024 has given a clear signal to bond markets that interest rates will head down. Besides investing in debt mutual funds, you should also try and pre-pay your home loans
The interim Budget 2023 might not have any goodies in store for those who were seeking a relaxation in the Section 80C tax deduction basket. But Equity-Linked Saving Schemes still remain a great catch
Most ELSS schemes have been enjoying the comfort of managing a less active portfolio and follow buy and hold strategy on account of the lock-in
The 80C income tax section has many options and is thus crowded. With ELSS, it is easier to meet the required quantity of Rs 1.5 lakh for tax benefit in a financial year
Tax-saving mutual funds or ELSS (Equity-Linked Saving Schemes) get you Section 80C income-tax deduction benefits. But if you invest in ELSS every year, it may not make sense to have multiple schemes.
Although there are many such financial investments available, not all would suit your risk profile and requirements. Investing in the wrong instrument just to save on taxes is like boarding a wrong train
Ideally, ELSS schemes are the potential long-term wealth creators.
Are you looking for ways to save the tax on your income? In this video, we tell you five tax-saving instruments, divided on the basis of the minimum investment tenure and the rate of returns so you can select as per your requirement and choice. Watch!
An equity-linked tax saving scheme (ELSS) or tax-saving mutual fund plan is the only pure-equity investment in the Section 80C tax deduction basket. But check your existing EPF, PFF contribution as well to ascertain how much you really need to invest in an ELS.
From a likely increase in the repo rate to a shorter settlement cycle for equity mutual fund investments to credit card changes along with the tax planning exercise, a lot is happening in February. Here’s what to watch for.
Earlier, mutual funds were allowed to either launch an actively-managed ELSS scheme or a passively-managed one but not in both categories.
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Equity-Linked Saving Schemes (ELSS) or tax-saving equity funds are the only pure equity instrument in the basket of instruments eligible for Section 80C tax deduction benefits
SEBI has asked fund houses to choose between active or passive ELSS ― they are not allowed to offer both. The logic for this may be to avoid clutter in the MF space, and encourage new AMCs to offer passive ELSS. Going forward, one hopes SEBI allows fund houses to offer both versions.
The 3-year lock-in helps fund managers to have a slightly larger portion of small and mid-cap stocks as it prevents a gush of outflows that can be seen in other diversified equity funds.
Equity-linked savings schemes (ELSS) come with a three-year lock-in and can help investors make their last-minute tax-savings before the financial year ends
Investments in tax-saving instruments and insurance get you tax deduction benefits. But don’t just invest to save tax. Your tax–saving investments must fit your financial plan.
AMFI data shows that sector and theme funds added close to 50 lakh new investor accounts over the last two years, highest among active equity oriented funds
When you invest a lump-sum in ELSS funds (or any equity instrument), knowingly or unknowingly, you are trying to time the market
Moneycontrol’s Jash Kriplani interacts with Rushabh Desai, founder of Rupee with Rushabh Investment Services