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
| Field | What to enter |
|---|---|
| Investment type | Choose one: SIP (monthly), Lump sum (yearly) |
| Investment amount | Amount in ₹ |
| Expected return (p.a.) | In % |
| Investment period | In years |
| Your 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 amount | Expected value |
|---|---|
| 6,250 | 515,539.79 |
| 9,375 | 773,309.69 |
| 12,500 | 1,031,079.58 |
| 15,625 | 1,288,849.48 |
| 18,750 | 1,546,619.37 |
| 25,000 | 2,062,159.16 |
Formula
SIP value = SIP × ((1 + i)^n − 1) ÷ i × (1 + i), i = annual return ÷ 12Lump sum value = amount × (1 + r)^yearsTax saved = min(yearly investment, ₹1.5 lakh) × tax slab × 1.04 (cess)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.
Frequently asked questions
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.