If I invest in ELSS under section 80 C, I am given to understand that I can withdraw the money after 3 years.
- Do I need to get my employer involved while withdrawing the money?
- Is the money tax-free at withdrawal?
My current situation is that I invested 80000/- in ELSS for 2019-20 under 80C and 70000/- in EPF under 80 C again. There is a chance that I might stop working voluntarily. I am concerned that should I do this they will not allow me to withdraw my EPF money tax-free at the end of five years. So I am thinking of investing another 70000/- in ELSS for 19-20 so that at least the ELSS money is available for me to withdraw tax-free after five years. Am I right in my thinking?