BizSugar.com › Finance › What are the advantages of investing in ELSS?

ELSS is an abbreviation of the Equity Linked Savings Scheme. It is an open-ended Equity Mutual Fund providing tax benefits on both dividend and capital gains earned. Under section 80 C of the income tax act 1961, you can lower your taxability by Rs. 1.5 Lakhs by investing in ELSS. It is one of the best investment options for tax savers.