Tax-Saving Funds

posted by   ruud_tarun (19)   6 months ago (www.kansaspoliticalwatch.com)

Also known as ELSS or equity-linked savings schemes, these funds offer benefits under Section 88 of the Income-Tax Act. So, on an investment of upto Rs.10,000 a year in an ELSS, you can claim a tax exception of20 percent from your taxable income.