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ELSS Calculator

Estimate the growth of your ELSS (tax-saving mutual fund) investment and the income tax you can save under Section 80C.

Plan your ELSS

₹

Total for lump sum, or the monthly amount for SIP.

%
yr

ELSS has a 3-year lock-in per instalment.

Your results

Maturity value

₹10,31,080

  • Invested amount₹7,50,00072.7%
  • Est. returns₹2,81,08027.3%

Invested amount

₹7,50,000

Est. returns

₹2,81,080

Tax saved / year

₹45,000

80C amount claimed

₹1,50,000

Section 80C tax benefit

Annual ELSS investment
₹1,50,000
Eligible under 80C (max ₹1.5 L)
₹1,50,000
Your tax slab
30%
Tax saved each year
₹45,000
  • * Section 80C deduction is capped at ₹1,50,000 per financial year across all eligible instruments.
  • * Tax benefit applies under the old tax regime; the new regime does not allow 80C deductions.
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What is the ELSS Calculator?

ELSS (Equity Linked Savings Scheme) is a category of equity mutual fund that qualifies for tax deduction under Section 80C of the Income Tax Act. An ELSS calculator estimates both the investment growth and the income tax you save, helping you see the dual benefit of wealth creation and tax saving.

How does it work?

The calculator projects your corpus the same way as any equity fund — compounding lump sum or SIP contributions at an expected return. Separately, it computes your tax saving by applying your income tax slab to the amount eligible under Section 80C (capped at ₹1.5 lakh per year).

Formula

Tax Saved = min(Annual Investment, ₹1,50,000) × Tax Slab Rate

  • Annual Investment = amount invested in ELSS in the year
  • ₹1,50,000 = maximum 80C deduction limit
  • Tax Slab Rate = your marginal income tax rate

Example calculation

A 30% slab investor putting ₹12,500 per month (₹1,50,000 a year) into ELSS saves ₹45,000 in tax each year, while the corpus itself compounds at the expected equity return over the period.

Benefits

  • Shortest lock-in (3 years) among Section 80C tax-saving options.
  • Potential for equity-like long-term returns alongside tax savings.
  • Can be started as a small monthly SIP rather than a large lump sum.

Limitations

  • Returns are market-linked and not guaranteed.
  • Each SIP instalment is locked in for 3 years from its date.
  • Tax benefit applies only under the old regime and within the ₹1.5 L cap.

Conclusion

ELSS is a popular way to combine tax saving with long-term equity growth. Use this calculator to size your contributions to the 80C limit and to appreciate how the tax saved effectively reduces your net cost of investing.

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Frequently asked questions

01What is ELSS?
ELSS is an Equity Linked Savings Scheme — an equity mutual fund eligible for tax deduction under Section 80C, with a 3-year lock-in.
02How much tax can I save with ELSS?
You can claim up to ₹1.5 lakh of ELSS investment under Section 80C each year. The tax saved equals that amount multiplied by your slab rate — up to ₹46,800 at 30% with cess.
03What is the lock-in period?
ELSS has a 3-year lock-in. For SIPs, each instalment is locked in for 3 years from its own investment date.
04Does ELSS work under the new tax regime?
The Section 80C deduction is available only under the old tax regime. You can still invest in ELSS under the new regime, but without the tax benefit.
05Is the ELSS return guaranteed?
No. ELSS invests in equities, so returns vary with the market and are not guaranteed.
06Can I redeem ELSS before 3 years?
No. Units cannot be redeemed before completing the 3-year lock-in from the date of each investment.