Equity Linked Savings Plans (ELSS), which combine asset growth and tax savings, are essential to efficient tax planning. ELSS funds provide tax deductions up to ₹1.5 lakh each financial year under Section 80C of the Income Tax Act, lowering taxable income and total tax obligation. ELSS can improve your tax plan in the following ways:   Tax Advantages With ELSS mutual funds, you can deduct...