Question

In regards to tax saver
schemes, What is the lock in
period to get tax rebate (in
India)?
O 5 Years
O 15 Years
O 7 Years
O 3 Years​

Answer 1

1.5 Lakh under section 80C of Income Tax Act and secondly, the investment made in ELSS has a lock-in period of 3 years. ELSS funds offer the interest rate of 15%-18%. ... ELSS scheme offers a high return on investment over a long-term period along with the benefit of tax-exemption.

National Pension Scheme (NPS): 12%-14%

Senior Citizen Saving Scheme: 8.7%

Investment: Returns