Equity Linked Saving Scheme (ELSS) Tax Saving Benefits | AU Small Finance Bank
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Equity Linked Savings Scheme | AU Small Finance Bank

Equity Linked Savings Scheme and its tax saving benefits.

    Kya aap apni income ke upar tax bachana chahte hain?
    Don’t worry, Ye hai bilkul asaan!
    Uthaye ELSS scheme ka laabh aur judiye hamare sath!

    Iska ek solution milta hai ELSS se. Equity Linked Saving Scheme (ELSS) 3 Saal ke close ended equity oriented mutual funds hote hain funds where you can invest your money and save tax. Chaliye ab jante hai ELSS ke benefits in 5 points:

    ELSS Tax Saving Benefits are as follows:

    • Benefit no. 1:

      Uss income ka kya fayeda jisko Tax me pay karna ho? Therefore, ELSS is a good investment opportunity because agar aap apni income ka upto Rs 1.5 lakh ELSS Funds main invest karte hain to aap bachate hain upto Rs. 46,800 aur apki income sirf apki rahegi, Tax ki nahi.

    • Benefit no. 2:

      ELSS mein money stays invested only for three years compared to other options jahan 5 years hai, commom tax saving options jaise PPF (Public Provident Fund) mein 15 years and NPS mein retirement tak, iss liye ELSS mein kam time aur bada returns, 3 saal aur tax ka aram After this, aapke pass option hai to withdraw/take money back.

    • Benefit no 3:

      Low investment pe maximum benefit, one time investment, aur benefit life long!
      Kya apke pass Rs. 5000 hone zaruri hai to invest? Nahi! Not at all! You can invest any amount you like starting from Rs. 500 in ELSS. And you do not need to invest every year because ELSS requires only one-time payment.

    • Benefit no 4:

      ELSS mein growth opportunities kya hai? It has various options like Growth, dividend or dividend reinvestment plan. In this, growth option me aapka paisa samay ke saath grow karta hain and Dividend plans main aapko regularly profit ka kuch hissa dividend ke form main milta hain.

    • Benefit no 5:

      ELSS funds me aap SIP bhi kar sakte hain. SIP (systematic investment plan), ke through aap ek fixed amount har month ya quarterly over a period of time invest kar hai. Aapke investment cost bhi nahi increase hoga aur power of compounding ke investment pe benefit bhi milega.

    Lastly, ELSS is a hero amongst all the other options:

    Investment Returns Lock-in Period Tax on Returns
    5-Year Bank Fixed Deposit 6% to 7% 5 years Yes
    Public Provident Fund (PPF) 7% to 8% 15 years No
    National Savings Certificate 7% to 8% 5 years Yes
    National Pension System (NPS) 8% to 10% Till Retirement Partially Taxable
    ELSS Funds 15% to 18% 3 years Partially Taxable

    Now if someone asks, “Mere pass FD hai, PF hai, NSC hai. Tere pass kya hai?”. You can proudly say, “Mere pass ELSS hai!”

    Know more about other tax saving fixed deposit offered by AU Small Finance Bank

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