WebApr 14, 2024 · Updated Apr 14, 2024. Many investors opting for the new tax regime may think that tax-saving or ELSS funds are no longer meant for them. But these funds may … Web9 hours ago · ELSS mutual fund explained. An equity-linked savings plan (ELSS) is a category of mutual fund wherein at least 80% of the corpus is invested in equity securities. Under Section 80C of the Income Tax Act, you can get a tax exemption up to Rs. 1.5 lakh on your ELSS investments. ELSS has the shortest lock-in period, which is three years, …
ELSS Calculator - ELSS Mutual Fund & Return Calculator - Upstox
WebFeb 9, 2024 · Lump-sum versus SIP in ELSS funds. When you invest a lump-sum in ELSS funds (or any equity instrument in general), it means that knowingly or unknowingly, you are trying to time the market. You ... WebApr 4, 2024 · Also, the returns from these ELSS Mutual Funds are tax-free. You can invest in ELSS schemes in form of either a lump sum amount or SIP. Up to INR 1,50,000 can be saved under ELSS tax saving schemes. It is a good tax saving option for investors with a high holding period and an ability to take a risk in an investment. Some of the best ELSS ... fastest 40 ever recorded
LTCG Tax Calculation for ELSS Mutual Funds - Groww
WebJan 19, 2024 · Taxation of ELSS Funds. An equity-linked savings scheme is a type of equity mutual fund. Therefore, they will be taxable just like any other equity mutual fund. Based on the holding period of equity funds, proceeds from sale of units of these funds are taxable under short term capital gains tax or long term capital gains tax. As ELSS have a ... WebThe taxation of ELSS funds follows the same rules as the taxation of equity mutual funds, however, short term gains are not possible in this case due to the mandatory 3 year lock-in. Long capital term capital gains from tax saver mutual funds are tax free up to Rs. 1 lakh in a financial year. But gains in excess of Rs. 1 lakh during the fiscal ... WebELSS (Equity Linked Savings Scheme) The full form of ELSS makes it self-explanatory that it is a equity based mutual fund. Basically a tax saving mutual fund that helps you avail … fastest 40 times ever