ELSS Calculator

Estimate the maturity value of a tax-saving ELSS investment and the income tax you save under Section 80C.

ELSS funds have a 3-year lock-in and qualify for Section 80C tax deduction (up to ₹1.5 lakh) under the old tax regime.

Investment (₹)

Return (% p.a.)

Years (min 3)

Tax Slab (%)

Estimate only. ELSS gains over ₹1 lakh/year are subject to LTCG tax. Not investment or tax advice.

Frequently Asked Questions

What is ELSS?

Equity Linked Savings Schemes are tax-saving mutual funds with a 3-year lock-in that qualify for a Section 80C deduction of up to ₹1.5 lakh under the old tax regime.

How much tax can I save?

Up to your tax slab rate on the invested amount (capped at ₹1.5 lakh). At a 30% slab, investing ₹1.5 lakh saves about ₹45,000 in tax.

Are ELSS gains taxed?

Long-term capital gains above ₹1 lakh per year are taxed. This is an estimate — consult a tax advisor.

Understanding the ELSS Calculator

The ELSS Calculator estimates the maturity value of an Equity Linked Savings Scheme investment and the income-tax saved under Section 80C. ELSS funds are equity mutual funds that qualify for an 80C deduction and carry the shortest lock-in among 80C options - three years. The tool is for Indian taxpayers under the old tax regime weighing a tax-saving equity investment. Results are estimates for education; ELSS carries market risk and is not a guaranteed-return product.

How it works

Enter your investment (lump sum or annual SIP), the holding period, an expected annual return and your income-tax slab rate. The tool compounds the investment to project a maturity value, then estimates the 80C tax saved by multiplying the eligible amount (capped at Rs 1.5 lakh per year) by your slab rate. It can also flag long-term capital gains: ELSS gains above Rs 1.25 lakh in a financial year are taxed at 12.5%. The 80C deduction is available only under the old regime; the new regime does not allow it. Treat outputs as planning estimates.

Maturity = P x (1 + r)^t for lump sum; Tax saved = min(investment, 1,50,000) x slab rate

Worked example

Invest Rs 1,50,000 as a lump sum, hold for 5 years at an assumed 12% return, in the 30% slab. Maturity = 1,50,000 x 1.12^5 = 1,50,000 x 1.7623, about Rs 2,64,350. The 80C tax saved is min(1,50,000, 1,50,000) x 30% = Rs 45,000 (before cess). The gain of about Rs 1,14,350 is below the Rs 1.25 lakh LTCG exemption for the year, so it would be tax-free if redeemed alone.

Tips & common mistakes

The lock-in is 3 years from each instalment - with a monthly SIP, every instalment locks separately, so the whole investment is not freely redeemable at year 3.
The 80C cap is Rs 1.5 lakh total across all 80C items (EPF, PPF, life insurance, ELSS, etc.), not per instrument.
80C is unavailable under the new tax regime; the calculator's tax-saved figure assumes you file under the old regime.
LTCG above Rs 1.25 lakh per financial year is taxed at 12.5%; plan redemptions to use the annual exemption.
ELSS returns are market-linked and can be negative; the assumed return is an estimate, not a promise.

Sources & methodology

• Income Tax Department, India - Section 80C deductions (https://www.incometax.gov.in)
• AMFI - ELSS and equity mutual fund taxation (https://www.amfiindia.com)

Reviewed by the TopOpenTools editorial team · Last updated June 2026. These tools provide general estimates for educational purposes only and are not financial, tax, insurance, investment, or medical advice. Verify important decisions with a qualified professional.