Best Tax-Saving Options to Look Out For
# ELSS
When you invest in certain schemes like ELSS, you can claim up to 
1,50,000 as a deduction from your gross total income in a financial year under Section 80C of Income Tax Act, 1961.
Equity-linked savings scheme, the tax saving mutual fund, calls for investor prudence before making an investment decision but their returns are equally rewarding and tax free in the hands of the investor.
ELSS funds have a three-year lock-in period, which is amongst the shortest between all tax saving instruments covered under Section 80C.
Being an equity-linked fund, there is no guarantee of returns, which are dependent on stock markets and the financial sentiment of the markets in general. Long-term capital gains from these funds are tax free in your hands.
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