Equity-Linked Savings Scheme (ELSS)
A tax-saving option with fair returns
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.