ELSS Calculator
Tax saving plus market returns. Estimate ELSS maturity value alongside the Section 80C tax you could save in the same year.
About the ELSS Calculator
An Equity Linked Savings Scheme (ELSS) is an equity mutual fund that qualifies for a Section 80C deduction under the old tax regime, with the shortest lock-in of any 80C option at three years. This calculator shows both halves of the value: the projected market return on your investment, and the income tax you avoid in the year you invest.
ELSS value and tax saving
FV = PV x (1 + r)^n | Tax saved = min(PV, 1,50,000) x slab rate
- FV
- Maturity value after the holding period
- PV
- Amount invested
- r
- Expected annual return
- n
- Years held (minimum three)
The Section 80C deduction is capped at Rs 1,50,000 across all eligible investments combined, and is available only under the old tax regime.
Using this calculator
- Enter the amount you plan to invest in ELSS this year.
- Set an expected equity return and your holding period.
- Pick your marginal tax slab to see the 80C saving.
- Compare the combined benefit against other 80C options.
ELSS Calculator FAQs
What is the ELSS lock-in period?
Three years from the date of each investment - the shortest among Section 80C options. With a SIP, every instalment locks in separately, so units bought in month twelve unlock three years after that specific purchase date.
How much tax can ELSS actually save?
Up to Rs 1,50,000 of investment qualifies under Section 80C. At the 30% slab that is roughly Rs 46,800 including cess, but only under the old regime, and the cap is shared with EPF, PPF, insurance premiums and other eligible items.
Does ELSS work under the new tax regime?
The Section 80C deduction is not available under the new regime, so the tax benefit disappears. ELSS remains a perfectly valid equity fund to hold, but under the new regime there is no reason to accept the lock-in.
Are ELSS returns taxable at maturity?
Yes. ELSS is an equity fund, so gains on redemption are treated as capital gains. Because of the three-year lock-in, they are always long-term. Confirm the applicable rate and exemption limit for the current year with a tax adviser.
Is ELSS better than PPF for tax saving?
They serve different purposes. PPF gives a government-set, guaranteed return over fifteen years. ELSS carries equity market risk with a three-year lock-in and higher long-run return potential. Time horizon and risk tolerance should decide, not the tax break alone.
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Important: this calculator provides general information and arithmetic only. It is not personal financial, tax or investment advice. Projected returns are illustrations based on the rate you enter, not guarantees, and market-linked investments can fall in value. Verify current tax rates and scheme terms before acting, and consult a qualified adviser where the decision matters.