# ELSS Calculator – Equity-Linked Savings Scheme

URL: https://speedycalculator.com/calculators/finance/elss/
Last updated: 2026-10-25

> The ELSS calculator projects the value of investments in an equity-linked savings scheme – by SIP or lump sum – and the income tax you save under Section 80C (old tax regime), with the 3-year lock-in.

## Inputs

- Investment type
- Investment amount
- Expected return (p.a.) (%)
- Investment period (years)
- Your tax slab (old regime)

## Results

- Total invested
- Expected value
- Estimated returns
- Tax saved per year (80C)

## Formula

```
SIP value = SIP × ((1 + i)^n − 1) ÷ i × (1 + i), i = annual return ÷ 12
Lump sum value = amount × (1 + r)^years
Tax saved = min(yearly investment, ₹1.5 lakh) × tax slab × 1.04 (cess)
```

## Explanation

ELSS funds have the shortest lock-in (3 years) of all Section 80C options. The deduction is available only under the old tax regime. Long-term capital gains above ₹1.25 lakh a year are taxed at 12.5%.

### How to use the ELSS Calculator – Equity-Linked Savings Scheme

- **Investment type**
- **Investment amount**
- **Expected return (p.a.)**
- **Investment period**
- **Your tax slab (old regime)**

Results update as you type, and every field accepts the units shown in its menu.

### How it works

Choose SIP or lump sum, enter the amount, expected return, period and your tax slab.

### Tips

- Figures use the latest published rates; government scheme rates are revised every quarter.
- Choose between the old and new tax regimes carefully – deductions only count in the old regime.
- Keep proofs of investments and rent for your employer and the tax return.
- Use the official portal of each scheme for exact maturity values.

### Common mistakes to avoid

- Assuming scheme interest rates are fixed for the whole term.
- Forgetting tax on interest from fixed and recurring deposits.
- Missing the yearly minimum deposit on PPF or Sukanya Samriddhi accounts.

### Inputs explained

FieldWhat to enterInvestment typeChoose one: SIP (monthly), Lump sum (yearly)Investment amountAmount in ₹Expected return (p.a.)In %Investment periodIn yearsYour tax slab (old regime)Choose one: 5%, 20%, 30%, New regime (no 80C)

### Example values

How the main result changes when **Investment amount** changes and everything else stays at the example values above:

Investment amountExpected value6,250515,539.799,375773,309.6912,5001,031,079.5815,6251,288,849.4818,7501,546,619.3725,0002,062,159.16

## Worked example

Inputs — Investment type: SIP (monthly); Investment amount: ₹12,500; Expected return (p.a.): 12 %; Investment period: 5 years; Your tax slab (old regime): 30%.

Results — Total invested = ₹750,000.00; **Expected value = ₹1,031,079.58**; Estimated returns = ₹281,079.58; Tax saved per year (80C) = ₹46,800.00.

## FAQ

**What is the lock-in period of ELSS?**
3 years from each investment (each SIP instalment has its own lock-in).

**How much tax can I save with ELSS?**
Up to ₹46,800 a year at the 30% slab (₹1.5 lakh × 31.2%).

**Can I claim ELSS under the new tax regime?**
No – Section 80C applies only to the old regime.

**What formula does the ELSS Calculator – Equity-Linked Savings Scheme use?**
SIP value = SIP × ((1 + i)^n − 1) ÷ i × (1 + i), i = annual return ÷ 12.


## Sources

- [SEBI – Mutual funds](https://www.sebi.gov.in/)