INVEST IN ELSS
Investing in ELSS can save tax upto Rs.46350/- Different investments products that helps the person to save from paying income tax under 80C, 80CCD, 80D etc. if not fully at least reduce the tax burden. Investments under ELSS mutual funds are currently the most tax efficient products available.
From FY 2015 onward, investors can save up to Rs 46,350 in taxes by investing Rs 150,000 in eligible tax saving investments under Section 80C of Income Tax. ELSS investments are suitable for long term investment objectives like children’s education / marriage, retirement planning etc.