Monday, 29 September 2014

Rs.50,000/- a new opportunity for ELSS(SIP)

Under the increased limit for 80C tax deduction, an employed individual can now invest addition Rs.50,000/- to claim tax deduction. A small amount of this extra surplus can be well directed towards ELSS (Equity Linked Saving Schemes) in order to reap addition benefits from the stock market (Check Stock market returns in 2014) as compared to conventional Fixed deposit Schemes or Public Provident fund(PPF).