📈 ELSS Calculator
Calculate returns on ELSS (Equity-Linked Savings Scheme) investments
Maximum ₹1.5 lakh per year for Section 80C benefit
How to Use This Calculator
Enter Investment Amount
Input the lumpsum amount you want to invest in ELSS (maximum ₹1.5 lakh for tax benefit).
Enter Expected Return and Period
Input expected annual return rate and investment period in years.
Select Tax Slab
Select your income tax slab to calculate tax benefits under Section 80C.
Formula
Future Value = Principal × (1 + Rate)^Years
Tax Benefit = Investment × Tax Rate (up to ₹1.5 lakh under Section 80C)
Net Benefit = Total Gains + Tax Benefit
About ELSS Calculator
The ELSS Calculator calculates returns on Equity-Linked Savings Scheme (ELSS) investments. ELSS is a tax-saving mutual fund scheme in India that invests primarily in equities. Investments in ELSS are eligible for tax deduction under Section 80C up to ₹1.5 lakh per year, with a 3-year lock-in period.
ELSS combines the benefits of tax savings, equity returns, and relatively short lock-in period (3 years) compared to other tax-saving instruments. This calculator helps investors understand potential returns and tax benefits from ELSS investments.
When to Use This Calculator
- Tax Planning: Calculate ELSS returns and tax benefits
- Investment Planning: Plan ELSS investments for tax savings
- Goal Planning: Estimate returns on ELSS for financial goals
Why Use Our Calculator?
- ✅ Accurate Calculations: Uses compound interest formula
- ✅ Tax Benefits: Includes Section 80C tax benefits
- ✅ Easy to Use: Simple interface for quick calculations
Frequently Asked Questions
What is ELSS?
ELSS (Equity-Linked Savings Scheme) is a tax-saving mutual fund that invests in equities. It offers tax deduction under Section 80C up to ₹1.5 lakh per year with a 3-year lock-in period.
What is the lock-in period for ELSS?
ELSS has a 3-year lock-in period, which is the shortest among tax-saving instruments under Section 80C. You cannot withdraw your investment before 3 years.