Feeling tax season panic? Discover how ₹1.5 lakh in ELSS can save you big and grow your wealth. It's time to turn panic into peaceful planning!
An Equity Linked Savings Scheme (ELSS) is a mutual fund offering tax benefits under Sec 80C (up to ₹1.5 lakh). Invest in stocks for growth. Shortest 3-year lock-in!
Investing ₹1.5 lakh in ELSS directly reduces your taxable income. The exact tax saved depends on your income tax slab. More income means more potential savings!
In the 20% slab (₹5-10L income), ₹1.5L ELSS saves ₹30,000 tax. With 4% cess, total savings hit ₹31,200! That's significant money staying in your pocket.
ELSS goes beyond tax saving. By investing in equities, it offers potential for higher returns & wealth creation. The 3-year lock-in aids compounding.
Don't rush last minute; use SIP. Match ELSS to your risk. Don't chase past returns. Remember the 3-year lock-in per SIP. Plan smart!
Ready to plan your financial future? Visit sipplancalculator.in for free tools & visualize your investment journey. Start saving & growing today!