Save tax and grow wealth

Invest in ELSS and save tax in your salary

Investing in ELSS (Equity-Linked Savings Scheme) can help reduce your taxable salary by offering tax deductions under Section 80C of the Income Tax Act. You can invest up to ₹1.5 lakh in ELSS each financial year, which directly lowers your taxable income. For example, if your salary is ₹8 lakh, investing ₹1.5 lakh in an ELSS will reduce your taxable income to ₹6.5 lakh. Additionally, ELSS funds have the potential for higher returns compared to other tax-saving instruments, although they come with a 3-year lock-in period.