https://v2.webnotes.in/tags/tax-saving/Recent content in Tax Saving on WebNotesHugoen-INMon, 18 May 2026 00:00:00 +0000https://v2.webnotes.in/elss-lock-in/Mon, 18 May 2026 00:00:00 +0000https://v2.webnotes.in/elss-lock-in/<p>The <strong>ELSS lock-in</strong> is the three-year mandatory holding period that applies to every Equity Linked Savings Scheme (ELSS) investment, enabling the Rs 1.5 lakh per annum deduction under <a href="https://v2.webnotes.in/section-80c/">Section 80C</a> of the Income Tax Act 1961. ELSS units cannot be redeemed for three years from the date of allotment, regardless of market conditions, investor needs, or AMC initiative. The lock-in is the constitutive feature that distinguishes ELSS from regular <a href="https://v2.webnotes.in/equity-mutual-fund-taxation-india/">equity-oriented mutual funds</a> and enables the Section 80C tax benefit that ELSS provides.</p>https://v2.webnotes.in/how-to-start-ppfas-elss-sip/Sun, 17 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-start-ppfas-elss-sip/<p>An SIP in the <a href="https://v2.webnotes.in/parag-parikh-elss-tax-saver-fund/">Parag Parikh ELSS Tax Saver Fund</a> is procedurally similar to a <a href="https://v2.webnotes.in/how-to-start-ppfcf-sip-selfinvest/">PPFCF SIP</a> ; the differences sit in the tax treatment and the lock-in. ELSS subscriptions under the old tax regime are eligible for Section 80C deduction up to Rs 1.5 lakh per financial year. The lock-in is three years, applied <strong>per installment</strong>: each monthly debit creates its own three-year clock from its allotment date. The December 2026 installment, for instance, is locked until December 2029; the January 2027 installment until January 2030. The SIP series as a whole has no terminal lock-in. The other consequential rule is the 31 March cut-off: only installments allotted on or before that date count for Section 80C in that FY, so SIP dates in the last week of March carry timing risk.</p>https://v2.webnotes.in/elss-vs-nps/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/elss-vs-nps/<p><strong>Equity Linked Savings Scheme (ELSS)</strong> and the <strong>National Pension System (NPS)</strong> are both used to claim income tax deductions in India, but they operate under different regulatory frameworks, serve different investor objectives, and carry different conditions on withdrawal. ELSS is a <a href="https://v2.webnotes.in/mutual-fund/">mutual fund</a> category regulated by the <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India</a> . NPS is a defined-contribution pension scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and governed by the PFRDA Act, 2013.</p>https://v2.webnotes.in/elss-vs-ppf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/elss-vs-ppf/<p><strong>Equity Linked Savings Scheme (ELSS)</strong> and <strong>Public Provident Fund (PPF)</strong> are among the most widely used instruments for claiming the Section 80C deduction under the Income Tax Act, 1961. Both allow an investor to claim a deduction of up to Rs 1,50,000 per financial year. They differ fundamentally in their nature, risk profile, return mechanism, liquidity, and regulatory framework.</p> <p>ELSS is a category of equity-oriented <a href="https://v2.webnotes.in/mutual-fund/">mutual fund</a> regulated by the <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India</a> , while PPF is a government-backed small savings scheme administered by the Ministry of Finance under the Public Provident Fund Act, 1968 (since subsumed into the Government Savings Banks Act, 1873, as amended).</p>https://v2.webnotes.in/elss-vs-ulip/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/elss-vs-ulip/<p><strong>Equity Linked Savings Scheme (ELSS)</strong> is a category of equity-oriented <a href="https://v2.webnotes.in/mutual-fund/">mutual fund</a> regulated by the <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India</a> . A <strong>Unit Linked Insurance Plan (ULIP)</strong> is an insurance product combining investment and life cover, regulated by the Insurance Regulatory and Development Authority of India (IRDAI). Both qualify for tax deduction under Section 80C of the Income Tax Act, 1961, up to Rs 1,50,000 per financial year, but they differ materially in cost structure, purpose, and regulation.</p>https://v2.webnotes.in/how-to-invest-elss-coin/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-invest-elss-coin/<p>An <strong>Equity Linked Savings Scheme (ELSS)</strong> is a category of open-ended equity mutual fund that qualifies for income tax deduction under Section 80C of the Income Tax Act, 1961. Investments in ELSS of up to Rs 1.5 lakh per financial year reduce your taxable income by the same amount, subject to the Rs 1.5 lakh aggregate limit under Section 80C. ELSS schemes have a mandatory 3-year lock-in period per investment tranche, the shortest lock-in among all Section 80C instruments.</p>https://v2.webnotes.in/elss-section-80c-deduction/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/elss-section-80c-deduction/<p><strong>Equity-Linked Savings Scheme (ELSS)</strong> is a category of open-ended equity mutual fund regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Mutual Funds) Regulations 1996. It is the only mutual fund category that qualifies for a tax deduction under Section 80C of the Income Tax Act 1961. An investor may claim a deduction of up to Rs 1,50,000 per financial year on investments in ELSS, subject to the overall Section 80C ceiling. ELSS units carry a statutory lock-in period of three years from the date of allotment of each unit. Upon redemption after the lock-in, any capital gains are long-term capital gains (LTCG) taxed under Section 112A at 12.5% on gains exceeding Rs 1,25,000 per financial year (rates as revised by the Finance Act 2024, effective 23 July 2024).</p>