Personal Finance Here's why ELSS is an ideal investment option? Updated : July 18, 2020 11:19 AM IST The investments made in ELSS are eligible for tax benefits under section 80C of the Income Tax Act. In addition to this, there are other benefits too which makes it an deal investment choice, say experts. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.