ELSS Tax Saving
Calculator
Calculate your tax savings under Section 80C with ELSS mutual funds and see how your investment grows during the lock-in period.
Maximum ₹1,50,000 per year eligible under Section 80C
ELSS has a mandatory 3-year lock-in period — the shortest among all 80C instruments
Annual Tax Saved (30% Bracket)
₹45,000
Total over 3 years: ₹1,35,000
Total Invested
₹4,50,000
Over 3 years
Est. Returns
₹1,11,763
Value After Lock-in
₹5,61,763
Effective Cost
₹3,15,000
After tax savings
Understanding ELSS & Section 80C
Equity Linked Savings Scheme (ELSS) is a type of mutual fund that invests primarily in equities and qualifies for tax deduction under Section 80C of the Income Tax Act. It offers the dual benefit of wealth creation and tax saving.
Under Section 80C, you can claim a deduction of up to ₹1,50,000 from your taxable income by investing in eligible instruments. ELSS is one of the most popular options because:
- Shortest lock-in: Only 3 years compared to 5 years for tax-saving FDs and 15 years for PPF
- Equity exposure: Potential for higher returns compared to traditional tax-saving instruments
- SIP option: Invest monthly via SIP instead of a lump sum
- No upper limit: While tax benefit is capped at ₹1,50,000, you can invest more for wealth creation
At the highest tax bracket (30%), investing the full ₹1,50,000 in ELSS saves you ₹46,800 in taxes annually (including 4% cess). This calculator uses the 30% bracket for illustration.
Save Taxes While Building Wealth
Start your ELSS SIP today and enjoy tax benefits from the very first month. It's the smartest way to save taxes under Section 80C.
Mutual fund investments are subject to market risks. The calculator provides estimated returns for illustration purposes only. Tax benefits are subject to changes in tax laws. Past performance does not guarantee future results.