What is ELSS Calculator?
Calculate ELSS mutual fund returns and Section 80C tax savings from equity-linked savings scheme investments Simply enter your values, and the calculator instantly computes accurate results using standard financial formulas. All calculations are performed entirely in your browser — nothing is stored or transmitted.
Formula Used
ELSS is a diversified equity mutual fund with a 3-year lock-in. Returns are market-linked (historically 12-15% CAGR). Tax savings under 80C: invest up to ₹1.5 lakh and save up to ₹46,800 in taxes.
How to Use This Calculator
- Enter your ELSS investment amount (max ₹1.5 lakh for 80C)
- Select your income tax slab for tax savings calculation
- Enter expected annual return (12-15% historically)
- Enter investment period in years (minimum 3)
- Click Calculate to see maturity value and tax saved
Worked Example
Investment: ₹1,50,000 | Tax Slab: 30% | Return: 13% | 5 years → Maturity: ₹2,76,000 | Tax Saved: ₹46,800 | Effective Return: much higher than FD
Why Use This Tool?
- Shortest lock-in (3 years) among all 80C instruments
- Highest historical returns among 80C options (12-15%)
- LTCG above ₹1 lakh taxed at only 10%
- SIP option available for systematic tax-saving investment
Frequently Asked Questions
What is ELSS?
ELSS (Equity Linked Savings Scheme) is a type of equity mutual fund that qualifies for Section 80C tax deduction. It has a mandatory 3-year lock-in period (shortest among 80C options) and has historically delivered 12-15% annual returns.
How much tax can I save with ELSS?
You can invest up to ₹1.5 lakh in ELSS per year and save: ₹46,800 (30% slab) | ₹31,200 (20% slab) | ₹7,800 (5% slab) in taxes. ELSS is only available under the old tax regime.
Can I redeem ELSS before 3 years?
No. ELSS has a mandatory 3-year lock-in period from each investment date. For SIP investments, each installment has its own 3-year lock-in. You cannot redeem any unit before 3 years from its investment date.
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