ELSS Calculator
Estimate ELSS mutual fund returns and tax savings under Section 80C with a 3-year lock-in period. See your maturity value and how much income tax you can save through ELSS investments.
Educational Purpose Only: Tax savings are estimated at 30% slab assuming maximum benefit. Actual tax savings depend on your tax bracket.
ELSS has a mandatory 3-year lock-in period.
What is ELSS?
Equity Linked Savings Scheme (ELSS) is a category of mutual fund that invests primarily in equities and qualifies for a tax deduction of up to ₹1,50,000 per year under Section 80C of the Income Tax Act. It has the shortest lock-in period among all 80C instruments — just 3 years — making it popular among investors who want both wealth creation and tax savings.
Because ELSS is equity-oriented, it carries market risk. However, historically, equity mutual funds have delivered 12–15% CAGR over long periods, significantly outperforming PPF, NSC, and fixed deposits — all of which also qualify for 80C but offer lower, fixed returns.
How is the tax saving calculated?
The tax benefit is based on your annual investment capped at ₹1,50,000. If you are in the 30% tax bracket, you save 30% of ₹1,50,000 = ₹45,000 per year. This calculator uses the 30% slab as a benchmark. Your actual saving depends on which tax slab you fall in — 5%, 10%, 15%, 20%, or 30%. Note: ELSS tax benefits apply only under the Old Tax Regime; under the New Tax Regime, Section 80C deductions are not available.
This calculator is for educational and illustrative purposes only. Mutual fund investments are subject to market risks. Tax rules are subject to change. Consult a qualified tax or financial advisor before making investment decisions.