https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9172666
Returns on other MF are taxable
Returns on elss is non taxable
Stop your ELSS sip !!
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Hi guys,
Most of us are going to switch to New Tax Regime from next FY, given the comparison with old tax regime.
In this case, we wouldn't require to invest in 80C eligible schemes. Hence we should not unnecessarily lockin our further ELSS investments for 3 years.
You can move these SIP's henceforth to some other Equity MF having atleast 65% in equity.
Current ELSS holdings can continue, no harm...
Just a thought, inputs appreciated.
Most of us are going to switch to New Tax Regime from next FY, given the comparison with old tax regime.
In this case, we wouldn't require to invest in 80C eligible schemes. Hence we should not unnecessarily lockin our further ELSS investments for 3 years.
You can move these SIP's henceforth to some other Equity MF having atleast 65% in equity.
Current ELSS holdings can continue, no harm...
Just a thought, inputs appreciated.
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https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9172757
Continue in elss not from the angle of saving tax but as an alternate/ addition to some other MF.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9172912
Ramta_Jogi wrote:Why ELSS when you can go for regular MFs which have no lock in of 3 years?Continue in elss not from the angle of saving tax but as an alternate/ addition to some other MF.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9172920
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9173354
Please enlighten on this:
Most of us are going to switch to New Tax Regime from next FY, given the comparison with old tax regime.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9173422
22sumit wrote:Please enlighten on this:
Most of us are going to switch to New Tax Regime from next FY, given the comparison with old tax regime.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9173561
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dhinchakrohit wrote:
Thanks bro for sharing.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9173594
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9174226
Continue PPF, not from tax saving angle but from a long(er) investment angle for your old age.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9174595
Ramta_Jogi wrote:PPF interest will remain exempt in NTR also.Continue PPF, not from tax saving angle but from a long(er) investment angle for your old age.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9174599
If you can convince your employer to contribute to NPS (out of your total CTC) then that can save tax under NTS. Employer contribution to NPS upto a ceiling of 10% of salary is exempt.
https://www.desidime.com/discussions/stop-you-elss-sip?page=1#post_9174603
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panchabhut wrote:
PPF interest will remain exempt in NTR also.
Yes. It will be T-E-E in NTR.
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That's a matter of personal choice. I usually don't invest in MF for under 5 years so a lock in or no lock-in jar irrelevant.
ELSS have also given better returns than some Flexicap /large cap funds.