ELSS Calculator
Calculate returns & tax savings on Equity Linked Savings Scheme investments
About ELSS (Equity Linked Savings Scheme)
- Lock-in period: 3 years (shortest among all 80C options)
- Section 80C benefit: Up to ₹1.5 lakh deduction per financial year
- ELSS funds invest primarily in equity shares — higher return potential with market risk
- Tax on returns: LTCG tax @10% on gains above ₹1 lakh per year
- SIP mode helps in rupee cost averaging and disciplined investing
- No maximum investment limit, but 80C deduction capped at ₹1.5 lakh
- Redemption after 3 years from each SIP installment date
About ELSS Calculator
The ELSS (Equity Linked Savings Scheme) Calculator projects the potential returns from ELSS mutual fund investments, which offer dual benefits of wealth creation through equity exposure and tax saving under Section 80C. ELSS funds have the shortest lock-in period of just 3 years among all 80C investment options, making them the most tax-efficient way to build long-term wealth. Our calculator shows SIP and lump sum returns, tax savings, and the effective cost after factoring in the tax benefit.
ELSS funds invest primarily in equity and equity-related instruments, offering historically higher returns of 12-15% over the long term compared to fixed-income 80C options. The Section 80C deduction of up to ₹1.5 lakh effectively reduces your investment cost by your tax slab rate — for someone in the 30% bracket, a ₹1.5 lakh investment costs only ₹1.05 lakh after tax savings. Long-term capital gains above ₹1.25 lakh are taxed at 12.5%. Our calculator factors in all these variables for FY 2026-27.
Key Features
- SIP and lump sum return projection
- Section 80C tax saving computation
- Effective investment cost after tax benefit
- LTCG tax on maturity amount
- 3-year lock-in period tracker
Frequently Asked Questions
What is the lock-in period for ELSS funds?
ELSS funds have a mandatory lock-in period of 3 years from the date of investment. This is the shortest lock-in among all Section 80C tax-saving instruments. Each SIP installment has its own 3-year lock-in — for example, a January 2026 SIP installment can be redeemed in January 2029. After the lock-in, you can redeem your investment or continue holding for better returns.
How much tax can I save with ELSS under Section 80C?
Under Section 80C, you can claim a deduction of up to ₹1.5 lakh for ELSS investment. The tax saving depends on your income slab: 30% slab saves up to ₹46,800 (including 4% cess), 20% slab saves up to ₹31,200, and 5% slab saves up to ₹7,800. This makes ELSS particularly attractive for taxpayers in higher slabs, as the effective investment cost is significantly reduced.
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