The acronym EET stands for exempt-exempt-taxable, which means an investor can get two exemptions on their assets. The first exemption indicates that a certain investment is exempt. The second indicates that dividends and interest earned throughout the holding term are tax free as well. taxable , on the other hand, means that the lump sum received at maturity or withdrawal is taxable. An example of EET is an equity-linked savings plan (ELSS). An ELSS has a three-year statutory lock-in period and is eligible for a tax exemption under the IT act, which allows for a tax exemption up to $1.5 lakh. To know more visit our blog "Top Income tax exemptions in India"