ELSS Tax Saver Calculator
Calculate your potential tax savings and returns from ELSS (Equity Linked Savings Scheme) mutual funds under Section 80C. Plan your tax-saving investments smartly.
Investment Details
Enter your ELSS investment parameters to calculate potential returns and tax savings.
Minimum ₹500, Maximum ₹125,000 (₹1.5L annual limit)
ELSS has a 3-year lock-in period
Historical ELSS returns range from 8-15% annually
Old regime offers tax benefits, new regime has lower tax rates
Used to calculate effective tax savings
Calculation Results
Your ELSS investment analysis and potential returns
What is ELSS (Equity Linked Savings Scheme)?
ELSS is a type of mutual fund that offers tax benefits under Section 80C of the Income Tax Act. It's the only mutual fund category that provides tax deductions while offering the potential for higher returns through equity exposure.
Key Features of ELSS:
- Tax Deduction: Up to ₹1.5 lakh deduction under Section 80C
- Lock-in Period: 3 years (shortest among Section 80C options)
- Equity Exposure: Minimum 80% investment in equity and equity-related instruments
- Potential Returns: Historically 10-15% annual returns
- Liquidity: Can be redeemed after 3 years
ELSS vs Other Tax-Saving Options
| Option | Lock-in Period | Expected Returns | Risk Level |
|---|---|---|---|
| ELSS | 3 years | 10-15% | High |
| PPF | 15 years | 7-8% | Low |
| EPF | Till retirement | 8-9% | Low |
| FD | 5 years | 5-7% | Low |
ELSS Investment Tips
✅ Do's
- • Start early to maximize compounding benefits
- • Choose funds with consistent performance
- • Diversify across 2-3 ELSS funds
- • Use SIP for disciplined investing
- • Review performance annually
- • Consider your risk appetite
❌ Don'ts
- • Don't invest just for tax benefits
- • Avoid frequent switching between funds
- • Don't ignore the 3-year lock-in
- • Avoid investing in too many funds
- • Don't panic during market volatility
- • Avoid timing the market