I am a Senior Citizen. In Order to save taxes would like to invest in a ELSS fund, with dividend option. Please suggest?
ELSS is the best option for saving taxes under Section 80C of the Income Tax Act 1961. You can invest maximum upto Rs 150,000 per annum under this section to avail tax rebate. You can invest in DSP BlackRock Tax Saver Fund or Reliance Tax Saver Fund and choose the dividend pay-out option.
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