ELSS Calculator
ELSS returns + 80C tax savings — 3-year lock-in
80C on up to ₹1.5L/yr (₹12,500/month)
ELSS historically 12–16% over long term
Direct: ~0.5–1%. Regular: 1.5–2.5%.
Minimum 3 yrs (lock-in per instalment)
Compare ELSS post-tax vs FD post-tax
Tax Slab
ELSS vs FD (Post-Tax) — 15 Years
80C & Tax Analysis
Annual eligible 80C deduction
Up to ₹1.5L/yr — any excess SIP gets no 80C benefit
₹1.50 L
Tax saved per year (30% slab)
In-hand tax saving each year
₹45,000
LTCG tax on redemption
12.5% on gains above ₹1.25L (incl. 4% cess)
₹5.43 L
ELSS post-tax corpus
₹60.07 L
FD post-tax corpus (7%)
Interest taxed at 30% each year
₹33.13 L
ELSS advantage vs FD
Excluding annual 80C savings
+₹26.93 L
ELSS Rules & Tips
→ 3-year lock-in per instalment, not the account. SIP of Jan 2024 unlocks Jan 2027; Feb 2024 unlocks Feb 2027.
→ 80C capped at ₹1.5L/year. SIP > ₹12,500/month invests more — only first ₹1.5L is 80C eligible.
→ LTCG ₹1.25L/year exempt. Use SWP over multiple years to avoid lump-sum redemption tax hit.
→ Shortest 80C lock-in (3yr vs PPF 15yr, NSC 5yr). After 3yr, you can redeem any matured instalment.
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FAQ
ELSS Calculator — FAQ
Common questions about this calculator
ELSS (Equity Linked Savings Scheme) is a tax-saving mutual fund with a 3-year lock-in per SIP installment. Eligible for 80C deduction up to ₹1.5L.
Calculations are approximate and for educational purposes only. Excludes surcharge for income above ₹50L. Consult a Chartered Accountant for personalised tax advice.