Planning your taxes is a very important part of your career. The purpose of tax planning is to ensure tax efficiency.
Keep in mind some tax saving mutual funds(https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-taxgain-scheme) while planning your taxes. Apart from helping you save tax, they also earn you returns.
ELSS funds(https://www.sbimf.com/en-us/equity-schemes/sbi-magnum-taxgain-scheme) are a type of tax saving mutual funds.
Watch this video to get a clear understanding of ELSS funds.
