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