ELSS Tax-Saving Calculator
See your Section 80C tax saving with ELSS, and where the investment could grow over the 3-year lock-in.
Up to ₹1.5 lakh qualifies under 80C
Old-regime marginal rate: 5 / 20 / 30%
ELSS is equity — ~12% over long periods
Tax saved this year
₹46,800
on a ₹1,50,000 deduction at 30% + cess
Effective cost
₹1.03 L
₹1,03,200
Value after 3 yrs
₹2.11 L
₹2,10,739
Potential gain
₹60.7 K
₹60,739
How this is calculated
How it works: Up to ₹1.5 lakh of ELSS investment is deductible under Section 80C (old regime). Tax saved = deduction × your slab rate × 1.04 (4% cess). Effective cost is your investment minus the tax saved.
ELSS funds have a 3-year lock-in — the shortest among 80C options — and are equity funds, so returns vary with the market. The growth shown is indicative.
80C deductions apply only under the old tax regime. Mutual fund investments are subject to market risks.
Want to actually invest this plan?
Talk to a SEBI / AMFI-registered advisor — zero fees from your side.
Frequently asked questions
How much tax can I save with ELSS?
ELSS investments qualify for a deduction of up to ₹1.5 lakh per year under Section 80C (old tax regime). Your tax saved equals the amount invested (capped at ₹1.5 lakh) multiplied by your income-tax slab rate — up to ₹46,800 a year at the 30% slab plus cess.
What is the ELSS lock-in period?
ELSS (Equity Linked Savings Scheme) has the shortest lock-in among 80C options — just 3 years. It is an equity mutual fund, so it carries market risk but has historically offered higher long-term returns than PPF or tax-saving FDs.
Does ELSS save tax under the new regime?
No — Section 80C deductions (including ELSS) are only available under the old tax regime. If you opt for the new regime you do not get the 80C benefit, though you can still invest in ELSS purely for returns.
Related calculators
SIP Calculator
See how a monthly SIP compounds into a corpus over time.
PPF Calculator
Project your Public Provident Fund maturity over 15 years.
Lumpsum Calculator
See what a one-time investment grows to at a chosen return.
Retirement / NPS Calculator
Estimate the corpus you need at retirement and the monthly investment to get there.