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80c deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 March 2015 Hello...
I have made an SIP of 5k every month in FRANKLIN TEMPLETON ,is it eligible for deduction under sec 80C ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 March 2015 Tax benefit under section 80C can be availed through Systematic Investment Plan (SIP) into Equity liked saving scheme (ELSS), which is limited to maximum investment of 1.50 lakh under section 80C. Only ELSS gives tax benefit. Please check the brochure of Franklin Templeton.

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