Mutual Fund Investment Limit

Tax Glossary Definition

Mutual Fund Investment Limit

The maximum investment amount permitted in eligible mutual fund schemes, such as Equity Linked Savings Schemes (ELSS), that qualifies for tax deduction under the provisions of the Income Tax Act. Example: Investments of up to ₹1.5 lakh in ELSS during a financial year are eligible for deduction under Section 80C.

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