Document Overlap
3.0%First documentTax Saving Plans & Best Tax Saving Schemes in India FY 2026-27Open original ↗
Second documentIncome From Salary Explained: Components, Calculation, AllowancesOpen original ↗
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Tax Savings - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Financial Planning - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Equity-Linked Saving Scheme (ELSS)
An ELSS is a tax-saving, open-ended mutual fund scheme that invests at least 80% of its assets in equities. It is one of the most effective tax-saving investments for investors with a high-risk appetite. The main incentive in an ELSS fund is the possibility of a high long-term returns due to heavy investment in equity.
Tax Saving Options for Salaried Professionals
ELSS Funds: Equity-Linked Savings Scheme (ELSS) is a market-linked investment option that offers tax-saving benefits under Section 80C. By investing in ELSS, you can claim a deduction of up to ₹1.5 lakh in a financial year. The returns earned from ELSS are subject to Long-Term Capital Gains ( LTCG ) Tax, where gains above ₹1.25 lakh are taxed at 12.5% without indexation benefits. Since ELSS funds are equity-oriented, they have the potential to deliver higher returns compared to traditional tax-saving instruments like PPF or fixed deposits. However, they also carry market risks.
Equity-Linked Saving Scheme (ELSS)
Contributions to ELSS are eligible for deductions under Section 80C, up to ₹1.5 lakh per year. The actual tax savings depend on your income tax slab; for example, an individual in the highest tax slab could save up to ₹46,800 in taxes on a ₹1.5 lakh investment. ELSS funds have a mandatory lock-in period of 3 years, the shortest among tax-saving instruments under 80C, which allows both liquidity and tax efficiency.
Tax Saving Options for Salaried Professionals
ELSS Funds: Equity-Linked Savings Scheme (ELSS) is a market-linked investment option that offers tax-saving benefits under Section 80C. By investing in ELSS, you can claim a deduction of up to ₹1.5 lakh in a financial year. The returns earned from ELSS are subject to Long-Term Capital Gains ( LTCG ) Tax, where gains above ₹1.25 lakh are taxed at 12.5% without indexation benefits. Since ELSS funds are equity-oriented, they have the potential to deliver higher returns compared to traditional tax-saving instruments like PPF or fixed deposits. However, they also carry market risks.