As the financial year-end nears and companies seek proof from employees choosing the old tax regime which supports rebates and deduction, investors scout for options to save tax under Section 80C. An investor can get a tax benefit of up to Rs 1.5 lakh by investing in an equity-linked savings scheme (ELSS).
The 80C income tax section has many options and is thus crowded. With ELSS, it is easier to meet the required quantity of Rs 1.5 lakh for tax benefit in a financial year