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Tax Saving & Mutual Funds Investment
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Top Tax Saving Fund
3Yr Return

ELSS (Tax Savings)

ELSS (Tax Savings)

ELSS (Tax Savings)

ELSS (Tax Savings)

ELSS (Tax Savings)

Recommended tax saving plan
  • Higher returns at 23.7%
  • Maximum savings under 80C
  • Lowest lock-in period of 3 years
Funds in this plan
You can save upto Rs 46,800 in taxes under 80C. To save more see here

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Best Tax Saving Options

80C Deductions

Deductions from investments like Mutual Funds, NSC, EPF, PPF etc.

Tax Benefit:Upto ₹ 1.5 Lakhs

HRA

Deductions on rent. Note: Staying with parents? You can still claim HRA

Tax Benefit:

50% of the basic salary (metro)

40% of the basic salary (Non metro)

Medical Insurance

Health insurance premiums are tax deductible

Tax Benefit:

₹ 25,000 for self

₹ 50,000 for parents

Standard Deductions from Salary

Deduction from your taxable income

Tax Benefit:₹ 40,000

House Loan

Tax deduction on housing loan

Tax Benefit:

₹ 2 Lakhs (If self-occupied)

No limit (If Rented)

Others

Claim tax deductions on pensions, donations, NPS
and more

Tax Benefit:Varying limit

Learn More about Tax Saving

Know more about tax saving investments

Frequently asked questions
  • Tax saving mutual funds benefits
  • Investments in tax-saving mutual funds, also known as Equity Linked Savings Schemes (ELSS), can get you a tax break of up to ₹1.5 lakh under Section 80C of the Income Tax Act.
  • How much should I invest to save on taxes
  • You can invest up to ₹ 1.5 Lakh under section 80C. When you invest money in Tax Saving funds during the year, the amount of tax you have to pay in the year is decreased. Also, you keep earning returns in the amount invested.
  • What are the different tax saving options
  • You have many options like PPF, Insurance, Tax Saving FDs, Tax Saving Mutual funds (also called ELSS) etc.
  • Do ELSS funds have an additional tax benefit
  • Tax-saving mutual funds come with the dual benefit of tax saving and wealth creation. They help you not only save taxes but build wealth over the long-term as well, because these mutual funds invest primarily in equities and earn higher returns than traditional tax-saving investments like PPF, FDs and NSC
  • Lock-in period for ELSS funds
  • Not only ELSS funds, but all tax-saving investments come with a lock-in period. But tax-saving mutual funds have the lowest lock-in period of only 3 years. In comparison, PPF has a lock-in of 15 years, while NPS and EPF require you to be invested till you retire.

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