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Annual Limit for RGESS is Rs 50,000

The Rajiv Gandhi Equity Savings Scheme grants tax exemptions for 50% of the amount invested for three consecutive financial years

 

The Rajiv Gandhi Equity Savings Scheme or RGESS grants tax exemptions to investors for 50 per cent of the amount invested in eligible securities for three consecutive financial years. The maximum limit for the annual investment is R50,000. RGESS is an equity tax advantage savings scheme designed to encourage savings by investors in the domestic capital market. But the scheme is exclusively for first time retail investors. So, you can claim tax exemption for consecutive three assessment years if you are investing in equity markets for the first time.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
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Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications