Frequently Asked Questions
What are Tax Saving Schemes?
Tax saving is the scheme which offer rebates on tax to traders in specific terms of the Income Tax Act, 1961. Government gives tax benefit for the investment in particular avenues. e.g. ELSS. Pension schemes offered by mutual funds give tax benefits. These schemes are usually growth oriented and can dominantly invest in equities. The profit opportunity and risk associated to it is like any other equity oriented scheme.