Eq­uity-Linked Sav­ings Scheme (ELSS)

A tax-sav­ing op­tion with fair re­turns

Consumer Voice - - Bfsi -

Ev­ery year in the first week of March, an anx­ious Mr Sethi calls his tax con­sul­tant and tells him to pre­pare his tax re­turns. The wrin­kles on his fore­head per­sist un­til the con­sul­tant calls back for de­tails on his sav­ings and Mr Sethi proudly talks about his public prov­i­dent fund and pen­sion plans. That day he sleeps snug in the belief that he has done his job well – the gov­ern­ment has been paid and his sav­ings are taken care of. So, is that the end of the story? Let’s just read on and find out.

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