ELSS Calculator
Estimate what an ELSS (tax-saving mutual fund) investment could grow to, and how much tax it could save under Section 80C.
Frequently asked questions
What is ELSS?
An Equity Linked Savings Scheme is an equity mutual fund whose investments qualify for a deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh a year in total across all 80C investments.
What is the lock-in period?
Each investment is locked in for 3 years from its date. With a SIP, every instalment has its own 3-year lock-in.
How is tax saved worked out?
Tax saved = the eligible amount (up to ₹1.5 lakh a year) × your tax slab × 1.04 for cess. It applies only if you file under the old tax regime; the new regime does not allow the 80C deduction.
Are ELSS gains taxed?
Yes. Gains are treated as long-term capital gains on equity. Use our Capital Gains Tax Calculator to estimate the tax.
Disclaimer: This calculator is for illustration only. The results are estimates based on the rate of return you enter and do not indicate, promise or guarantee future returns. Actual returns vary with market conditions and are not guaranteed.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns. Please consult your financial advisor before investing.