ELSS Calculator
Calculate ELSS tax-saving mutual fund returns with Section 80C benefits. SIP or lumpsum mode with 3-year lock-in. Free ELSS calculator for India.
ELSS (Equity Linked Savings Scheme) qualifies for Section 80C deduction up to ₹1.5 lakh/year with a mandatory 3-year lock-in. Returns are market-linked and LTCG above ₹1.25L is taxed at 12.5%.
How to Use
Step-by-step guide to get the most from this tool
- 1
Choose SIP or lumpsum
Select investment mode based on your tax planning approach.
- 2
Enter amount and tenure
Set monthly SIP or lumpsum amount, expected return, and investment period (min 3 years).
- 3
Select tax slab
Choose your income tax slab to estimate 80C tax savings.
- 4
Review returns and tax saved
See maturity value, gains, 80C deduction, and year-wise growth chart.
Features
What makes this tool stand out
80C tax savings
Estimate deduction and tax saved at your slab.
SIP & lumpsum
Both investment modes supported.
3-year lock-in
Minimum tenure enforced per ELSS rules.
Growth chart
Year-wise invested vs portfolio value.
Return projection
Estimate maturity with equity returns.
India-specific
Section 80C limits and LTCG rules.
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Frequently Asked Questions
Quick answers to common questions
What is ELSS?+
Equity Linked Savings Scheme (ELSS) is a tax-saving mutual fund with a mandatory 3-year lock-in. Investments qualify for Section 80C deduction up to ₹1.5 lakh per financial year.
How much tax can I save with ELSS?+
You can deduct up to ₹1.5 lakh under Section 80C. At 30% tax slab, that saves ₹46,800/year (including cess). At 20% slab, savings are ₹31,200/year.
What is the ELSS lock-in period?+
ELSS has a mandatory 3-year lock-in from the date of each investment. SIP installments each have their own 3-year lock-in from their respective investment dates.
Are ELSS returns taxable?+
Long-term capital gains above ₹1.25 lakh per year are taxed at 12.5% (as per FY 2024-25 rules). Gains up to ₹1.25 lakh are tax-free. Dividends are taxed at slab rate.
ELSS vs PPF — which is better for 80C?+
ELSS offers higher return potential (equity markets) with 3-year lock-in. PPF is risk-free with 15-year lock-in and fully tax-free returns. ELSS suits investors with higher risk appetite.
ELSS vs tax-saver FD?+
Both qualify for 80C. ELSS has 3-year lock-in vs 5 years for tax-saver FD. ELSS returns are market-linked (potentially higher) while FD returns are fixed and interest is taxable.
Should I invest in ELSS via SIP or lumpsum?+
SIP averages out market volatility through rupee cost averaging. Lumpsum before March 31 maximizes 80C benefit for that financial year. Both modes are supported in our calculator.
What return should I expect from ELSS?+
ELSS funds invest primarily in equities. Historical long-term returns are 11–14% p.a., but returns vary significantly year to year. Use 12% as a moderate estimate.