WebFeb 10, 2024 · If you have invested in an ELSS or tax-saving fund, there is an option to download your tax receipt which will summarize all your transactions and act as proof to claim deductions while filing your taxes. In this blog, we will show you a step-by-step process to obtain a tax receipt from the Groww app. Step 1 WebJan 4, 2024 · Investment in ELSS funds is tax-deductible up to Rs. 1.5 lakh under section 80C of the Income Tax Act. ... It is very important to make sure that you take the stamped receipt from the organization from where the donation …
How To Get Proof For Your ELSS Tax Savers Investment?
WebApr 12, 2024 · Type of Scheme. An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. Inception Date. March, 2000. Lock in Period. 3 Years from the date of allotment of the respective Units. Minimum Application Amount. For new investor, INR 500/- and any amount thereafter. WebApr 3, 2024 · What are ELSS schemes? They are diversified equity funds that offer tax benefits to investors up to an investment limit of Rs. 1,50,000 a year. Consequently, this … board book definition
ELSS Funds-Tax Saving Mutual Fund Investment SBI MF
WebTo get the statement for ELSS investments, follow these steps: Click on Mutual funds from the dropdown menu. Click on ELSS statement and select the financial year. Here is an … WebJan 12, 2024 · Amount Subjected to Tax. 50,000. Amount of Tax as per 10%. 5,000. The calculation may look tricky for an average investor. Here are some quick and easy points to remember: First, remove Rs 1,50,000 from your investment value of the ELSS tax scheme. After the lock-in period, LTCG will apply to the ELSS scheme. WebFeb 15, 2024 · ELSS Mutual Funds: Investment in ELSS or tax-saving funds gets a tax deduction up to Rs 1.5 lakh under Section 80C of the Income Tax Act, 1961. The returns … cliff diving accident grand lake video