Tax saving on Equity Investment


#1

when a person directly invest in any stocks from his/her salary income, will it be reduce the Tax burden under any section of Income tax exemption?


#2

No… investment in equity doesn’t reduce tax.


#3

RGESS has been discontinued. There were tax incentives in this scheme for direct investment in equities but now that’s no longer the case. You might want to look into ELSS funds and the tax benefits that accrue under 80C. However, it doesn’t cover direct investment in equities. Happy learning. Cheers.