ELSS Calculator: Grow Wealth and Save Tax Together

ELSS is the only mutual fund that also cuts your tax. This calculator shows both your returns and your 80C tax saving.

What is it?

ELSS (Equity Linked Savings Scheme) is a tax-saving equity fund with a 3-year lock-in. Investments up to ₹1.5 lakh qualify for 80C under the old regime.

How is it calculated?

It compounds your SIP or lumpsum at the assumed return for the chosen period, and computes the 80C tax saved on up to ₹1.5 lakh of yearly investment.

Example

A ₹10,000 monthly SIP at 12% for 5 years grows to about ₹8.25 lakh, while saving up to ₹37,440 a year in tax at the 30% slab.

Key things to know

• ELSS has the shortest lock-in (3 years) among 80C options.
• The 80C benefit applies only under the old regime.
• Equity gains above ₹1.25 lakh a year attract LTCG tax.
• Stay invested beyond the lock-in for better returns.

What to do next

Start an ELSS investment via your mutual fund platform.

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Frequently asked questions

How is ELSS different from other funds?
It offers an 80C tax deduction and has a 3-year lock-in.

Is the tax benefit in the new regime?
No, only the old regime.

What’s the lock-in?
Three years — the shortest among 80C instruments.

Disclaimer: This article is for general information only and is not financial or tax advice. Consult a qualified advisor before making investment or tax decisions.