ELSS Tax Saving Calculator
Estimate ELSS returns and Section 80C tax savings
Unit: ₹
Unit: years
Unit: %
Unit: %
Total Investment
₹7,50,000
Estimated Value
₹10,90,009
Annual Tax Saved (80C)
₹45,000
How this calculator works
ELSS calculator — estimate SIP returns, tax savings under Section 80C, and post-tax wealth creation for equity-linked savings.
Quick tips
- •ELSS has the shortest lock-in (3 years) among all Section 80C instruments.
- •Maximum 80C deduction is Rs 1.5 lakh per year across all eligible investments.
- •LTCG above Rs 1.25 lakh on ELSS is taxed at 12.5% from FY 2024-25.
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📖 Learn More About ELSS Tax Saving Calculator
ELSS Tax Saving Calculator
This ELSS tax saving calculator estimates your SIP returns, annual tax savings under Section 80C, and long-term wealth creation through equity-linked savings schemes.
Formula: ELSS Value = SIP × [(1+r)^n - 1] / r × (1+r); Tax Saved = Investment × Tax Rate
- ELSS has the shortest lock-in (3 years) among all Section 80C instruments.
- Maximum 80C deduction is Rs 1.5 lakh per year across all eligible investments.
- LTCG above Rs 1.25 lakh on ELSS is taxed at 12.5% from FY 2024-25.
Frequently Asked Questions
What is ELSS?
Equity Linked Savings Scheme is a tax-saving mutual fund with a 3-year lock-in. It invests primarily in equities and qualifies for Section 80C deduction.
Is ELSS better than PPF for tax saving?
ELSS offers potentially higher returns with equity exposure and shorter lock-in (3 years vs 15 years for PPF), but comes with market risk.