Tired of Paying Huge Tax? Then Invest in ABSL Tax Relief 96 Fund

Are you sick and tired of your tax liabilities? Are you looking forward to a solution that can provide you some relief in your tax bills? Well, how about an option that can provide you growth and tax-savings together? Sounds unrealistic? But the fact is that such an option does exist! By investing in Aditya Birla Sunlife Tax Relief 96 Fund, you can achieve all these benefits in a single shot, without hiring an expensive tax consultant or investing in multiple schemes.

If you still don’t believe what you just read, then keep reading till the end as all the answers to your questions are written below. So, what are you waiting for? Grab your reading glasses and read this awesome piece of information.

Understanding ELSS Funds

In order to understand how Aditya Birla Sun Life Tax Relief 96 Fund works, it is important to have a basic idea about ELSS funds. ELSS are basically equity-oriented mutual funds specifically designed for tax saving. These funds are widely used for melting the tax liabilities, and also provide great returns in the long run. Due to their excellent portfolio built, they can suit almost all kinds of investors profile and are widely regarded as the best option to save tax and earn good money, without engaging in multiple investments.

Knowing ABSL Tax Relief 96 Fund

Ina country like India where tax is the main source of income for the government, it is very important to discharge the liability in time as any delay can defer major government reforms. However, the reality is shocking and saddening. Only 3% of the population pays tax in our country, as they lack the knowledge about legitimate ways of cutting down their taxes which deprives them to pay any.

Aditya Birla Tax Relief 96 Fund – Regular Plan (G) was launched with an aim to encourage people to pay their tax and other government dues on time. It is an initiative to let people know about the advantages that they can gain by investing in this fund, one of which is to save tax and earn good returns. The fund basically aims to invest the capital in profitable avenues for a long period, thereby attempting to create good capital and generate wealth for the investors. Being an ELSS plan, it holds eligibility for the deduction available under section 80C of the Income Tax Act, 1961.

Section 80C of the Income Tax Act, 1961

The Income Tax Act, 1961 is the main act that governs the levy of tax in India. Under the said act, the rules for the taxation and manner it will be collected from the taxpayers are laid down. Besides, the act also contains the relaxations, deductions, and exemptions that may be possible for the tax payer to achieve, if he indulges in specified activities as specified under section 80C.

Investing in ELSS plans is one of the many approved avenues that can fetch you deduction under section 80C. As per the said section, when a taxpayer invests in the listed areas he will be eligible for a maximum deduction of ₹1, 50, 000 from his total taxable income. If achieved in full, this deduction will bring down his tax bill by as much as ₹46,800. Investing in top ELSS plans such as Aditya Birla Tax Relief 96 Fund can fetch you this tax deduction, besides bestowing you with great returns that may scale up to 24.10%.

How to Invest?

Investing in mutual funds has become quite an easy task, thanks to the grand technological advancement in the modern era. Today, you can make the best financial plans for yourself by just hitting some buttons on your smartphone. You could invest in top-performing funds such as Aditya Birla Sunlife Tax Relief 96 Fund (G) online, merely by creating an online account which is provided free of cost at some investment portals. The best way to invest is through SIPs, as they provide with the flexibility of investing small amounts rather than putting all you budget at once. Another advantage of investing through SIP is that you could choose multiple investment options at the same time and create a superb portfolio to achieve your needs.

So, if your tax bill is becoming unbearable and you need a way out to this quandary, then you must invest in ABSL Tax Relief 96 Fund.