Save tax for lifetime with just three years of investment in ELSS
Yes! You read it right. Assuming 30 years of career you can save lot of tax with investment of ₹ 4.5 lacs in three years And Remember! Amount saved is amount Earned!! Here is summary what you can save with ELSS - Tax Bracket Tax saving in one year Tax saving in 30 years 5% ₹7500 ₹2.25 lac 20% ₹30000 ₹9 lac 30% ₹45000 ₹13.5 lac Please note that you are not losing this ₹ 4.5 lac. In fact this ₹ 4.5 lac could grow more than ₹ 1 Crore if you keep it invested. Thus you are saving ₹ 9 lac and gaining wealth more than ₹ 1 Cr. Does it sound interesting? Let me explain it to you. My aim is to show how to save tax with just 3 years of investing in ELSS. Everybody knows compounding. The more you invest, more you create wealth. This article can derail you from your investing habit. Hence if you follow this methodology you must invest ₹ 1.5 lac which you wo...