As per your income tax slab you can save your tax money by investing in ELSS - Equity Linked Saving Schemes. They are a type of mutual-funds that saves your tax. You can invest upto 1.5 lakhs and get the tax benefit according to your tax slab.
(e.g. If you fall under the income tax slab of 20%, and suppose you invest Rs.12,500/- in an ELSS fund through SIP route, then for that financial year, you get tax exemption of Rs.30,000/-)
Usually ELSS mutual funds give good returns than that of ulips, insurance etc (depending on market conditions), and they have the shortest lock-in period of 3 years.
For more details contact:
Samarth Holdings.
Phone: +91-9561733111
Email: chouguleanup@gmail.com
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