BENGALURU: Tax is a terminology which irritates each and every individual all over the world. Whether it be a common man or a businessman, each and every individual is entitled to pay tax. At the end of the financial year, many tax payers honestly and responsibly make investments instead of acknowledging the various other alternatives.

Let us go through such tax options which can provide relief to tax payers without emptying their pockets:

1. Equity Linked Saving Scheme Investments (ELSS): ELSS is a diversified equity mutual fund and offers a simple way to get tax benefits as well as offers gains from potential equity markets. It doesn’t require recurring payments.

Other than others fund options, ELSS has the shortest lock in period which is of three years and these investments do not attract capital gain tax. If you are a KYC registered candidate, then you can even invest online.

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