Save & grow your money with PhonePe’s Tax Saving Funds

Tax Saving Funds

Save up to Rs. 46,800 in tax & grow your investment

Get the policy now!

Wondering how to save Tax? PhonePe has the perfect solution for you.

Tax Saving Funds are an Equity Linked Savings Scheme (ELSS) with a 3 year lock-in period, which is the minimum among all eligible investment products under Section 80C. These funds are also known to deliver higher long-term returns compared to other 80C investment options. Thus, these investments do both: save and grow your money!

As per section 80C, you can invest upto Rs 1.5 Lakh per year in Mutual Funds and save up to Rs. 46,800 in tax!

Save & grow your money with PhonePe’s Tax Saving Funds
Save & grow your money with PhonePe’s Tax Saving Funds

Wondering how much Tax you can save?

Your taxable income

₹6,00,000

Before Section 80C

₹33,800

After investment of ₹1,00,000*

₹0

Your tax savings*

₹33,800

Your taxable income

₹8,00,000

Before Section 80C

₹75,400

After investment of ₹1,50,000

₹44,200

Your tax savings*

₹31,200

Your taxable income

₹10,00,000

Before Section 80C

₹1,17,000

After investment of ₹1,50,000

₹85,800

Your tax savings*

₹31,200

Your taxable income

₹12,00,000

Before Section 80C

₹1,79,400

After investment of ₹1,50,000

₹1,32,600

Your tax savings*

₹46,800

* If your taxable income is ₹6,00,000, you just need yo invest ₹1,00,000 to reduce your tax liability to NIL since individuals with less than ₹5,00,000 taxable income enjoy tax rebate of ₹12,000. The above tax saving calculation includes saving on Health and Education Cess

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Save & grow your money easily

Avail the shortest lock-in period of 3 years

Save & grow your money in the long term

Start with as little as Rs. 500

Invest in less than 5 minutes & get an instant tax receipt

Save up to Rs. 46,800 in tax &
grow your investment