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Tuesday, January 12, 2016

Tax benefits of Investing Equity Mutual Funds

 

Tax benefits of equity mutual funds

Investments in Equity Linked Savings Scheme (ELSS) qualify for a tax deduction of up to Rs 1.5 lakh under Section 80 C of the Income Tax Act

 

Investments in Equity Linked Savings Scheme (ELSS) qualify for tax deduction of up to R1.5 lakh under Section 80C of the Income Tax Act.

 

No other equity funds qualify for tax deduction under Section 80C. However, equity funds offer you other tax benefits, too. For example, you can get tax-free dividends from equity mutual funds. If you sell your equity mutual funds after a year, the returns will qualify for long-term capital gains tax.

 

Long-term capital gains tax is nil on equity. If you sell your equity mutual funds before a year, you will have to pay short-term capital gains tax of 15 per cent on your returns.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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