<h1>Rajiv Gandhi Equity Savings Scheme: 50% Tax Deduction for New Retail Investors with Up to Rs 50,000 in Equities.</h1> The Rajiv Gandhi Equity Savings Scheme was introduced in the Union Budget 2012-13 to boost investment in financial instruments and enhance the domestic capital market. It offers a 50% income tax deduction to new retail investors who invest up to Rs 50,000 directly in equities, with an annual income under Rs 10 lakhs. The scheme includes a three-year lock-in period, with further details to be announced later.