Sqrrl- How to Save Tax in India

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Sqrrl fintech

• Best Mutual Fund App

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How to Save Tax in India Invest in
Top ELSS Mutual Funds

• Taxes saving schemes are mutual fund schemes that
  qualify for tax deductions under Section 80C of
  the Income Tax Act and considered as the best way
  to save tax in India. These schemes are also
  called Equity Linked Saving Scheme (ELSS) or tax
  planning or saving mutual funds. How to save tax
  in India? Well, the best answer for Investors is
  to park money in these schemes and claim tax
  deductions of up to Rs 1.5 lakh under Section
  80C.

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ELSS or Tax saving mutual funds

• ELSS or Tax saving mutual funds has a mandatory
  lock-in period of three years. Since these
  schemes have a short compulsory lock-in period,
  it is recommendable to invest in these schemes
  for an investment horizon of at least five to
  seven years to make it the best way to save tax
  in India. The reason lies in the fact that these
  schemes invest most of their corpus in equity or
  stocks.

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How to save tax in India
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If the investors invest for a relatively long
period

• Many mutual funds advisors believe that ELSS is
  the best way to save tax in India. They say that
  because of the mandatory lock-in period of three
  years, most of the investors know about the
  volatility and risk associates with these
  equities mutual funds. And once they go through
  this volatile patch in the market, it pockets
  good returns from ELSS mutual funds, they start
  investing in other equity mutual funds.
• Install the Sqrrl app! it is the best platform to
  invest in ELSS scheme funds. The ease and
  convenience of its performance lead investors to
  the best way to save tax in India.

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