ELSS Calculator — Equity Linked Savings Scheme (India)
ELSS (Equity Linked Savings Scheme) is an equity mutual fund with a 3-year lock-in that qualifies for up to ₹1.5 lakh deduction under Section 80C of the Income Tax Act. Enter your investment details to see the projected corpus and tax saved.
Investment mode
₹
%
godine
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Wealth gained: ₹315.877 (210,6 % absolute)
- 1
Annual growth factor
(1 + 12% ÷ 100)^10 = 3,1058How much one rupee grows at the stated CAGR over the investment period. - 2
Maturity corpus (lump sum)
150.000 × 3,1058 = 465.877 - 3
Section 80C tax saved
min(150.000, 150.000) × 30% ÷ 100 = 45.000
Kako radi ovaj kalkulator?
ELSS is an equity mutual fund with a 3-year lock-in and Section 80C deduction up to ₹1.5 lakh per year (old tax regime only). Tax saved = min(investment, ₹1.5L) × marginal slab. Corpus grows via equity compounding; historical long-term CAGR is roughly 12–15 %, though returns are market-linked and not guaranteed. LTCG above ₹1 lakh/year is taxed at 10 %.
Formula
How this is calculated
ELSS funds invest primarily in equity and equity-related instruments (minimum 80 % in equities per SEBI mandate). They carry a mandatory 3-year lock-in per investment tranche — the shortest lock-in among all Section 80C instruments — after which units can be redeemed or held longer. Returns are market-linked and not guaranteed; historical long-term CAGR for the category has ranged from 12 to 16 %, but past performance does not predict future results.
The Section 80C deduction allows a maximum of ₹1,50,000 per financial year, applicable under the old income-tax regime (FY 2023-24 rates used here). Tax saved equals the deductible amount multiplied by your marginal slab rate. For example, investing ₹1.5 lakh at a 30 % slab saves ₹45,000 in tax. The new regime (post-2023) does not offer this deduction by default; consult a tax advisor for your specific situation.
For a lump-sum investment, the future value grows as P × (1 + r/100)^n. For SIP, each monthly instalment compounds from its investment date — the calculator uses the standard SIP formula which assumes end-of-month investments and the stated annual CAGR as a proxy. Long-term ELSS investing benefits significantly from the power of compounding when held beyond the minimum 3-year lock-in.
Često postavljana pitanja
Each ELSS investment tranche is locked in for 3 years from the date of investment. For SIP investments, each monthly instalment has its own individual 3-year lock-in. After the lock-in period units can be redeemed at the prevailing NAV, or held indefinitely.
Long-term capital gains (LTCG) from ELSS redemption are taxed at 10 % on gains exceeding ₹1 lakh per financial year (as of FY 2023-24), without indexation. Since the minimum hold is 3 years, all ELSS gains qualify for LTCG treatment. The first ₹1 lakh of gains annually is tax-free, which effectively shelters a significant portion of returns for most retail investors.
No. The Section 80C deduction — including ELSS — is not available under the new concessional tax regime introduced in the Union Budget 2020 (default regime from FY 2023-24). If you choose the new regime, you cannot claim the ₹1.5 lakh deduction, though you can still invest in ELSS for its equity growth potential.
Poznato i kao
TG we-Calculate Editorial Team. (2026). ELSS Calculator — Equity Linked Savings Scheme (India) [Online calculator]. TG we-Calculate. https://we-calculate.com/hr/calculator/elss-calculator
TG we-Calculate Editorial Team. "ELSS Calculator — Equity Linked Savings Scheme (India)." TG we-Calculate. 2026. https://we-calculate.com/hr/calculator/elss-calculator.
TG we-Calculate Editorial Team, "ELSS Calculator — Equity Linked Savings Scheme (India)," TG we-Calculate, 2026. [Online]. Available: https://we-calculate.com/hr/calculator/elss-calculator
@misc{wecalculate_elss_calculator, title = {ELSS Calculator — Equity Linked Savings Scheme (India)}, author = {{TG we-Calculate Editorial Team}}, howpublished = {\url{https://we-calculate.com/hr/calculator/elss-calculator}}, year = {2026}, note = {TG we-Calculate} }
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