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This old question shown a common mistake made by many that rush to save their tax instead of inspecting the cost and risk of those "funds" they mentioned. Most active managed mutual funds around the world usually bait the investor with best case scenario prospectus, which the purchase price rarely match the existing market price for the investor. In fact,...


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In your case, in order to pay no tax, you would have to bring down your taxable income to zero. Section 80C provides a maximum investment possibility of INR 1.5L. While there is no upper cap on how much you can invest in ELSS funds, it is important to note that since your deduction is limited to INR 1.5L, there is no reason for you to invest beyond 1.5L in ...


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