Financial Calculators
ELSS Tax Saver Calculator
The only 80C option with a three-year lock-in and equity returns. Here is what it saves and what it builds.
Tax saved every year
₹45,000
₹1,50,000 deductible under 80C at 30%
- Tax saved over 10 years
- ₹4,50,000
- Total invested
- ₹15,00,000
- Net cost after tax saving
- ₹10,50,000
- Estimated corpus
- ₹29,48,187
Section 80C deductions apply under the old tax regime only; check which regime you are on. Each year's ELSS units are locked in for three years from their own purchase date. Gains on redemption are taxed as equity capital gains.
These figures are for illustrative purposes only and are not investment advice. Please consult your investment adviser for investment related advice.
Tax saving that also grows
Equity Linked Savings Schemes qualify for deduction under Section 80C up to the annual limit, and carry the shortest lock-in of any 80C investment. Because they invest in equity, they are also the only 80C option with the potential to beat inflation meaningfully over a decade.
The tax saved is real money in the year you invest; the corpus is the reward for leaving it alone. This calculator shows both, and the net cost of the investment once the tax saving is counted.
Deduction, tax saved and corpus
Deductible = min(investment, 80C limit)\nTax saved = deductible x slab rate\nCorpus = yearly investments at the start of each year, compounded at rWorked example: Rs 1,50,000 a year in ELSS at the 30% slab saves Rs 45,000 in tax every year, Rs 4,50,000 over 10 years. At 12% the corpus grows to Rs 29,48,187 on a net cost of Rs 10,50,000 after the tax saving.
Frequently asked questions
Does ELSS work under the new tax regime?
No. The new regime gives up most deductions including 80C in exchange for lower slab rates. ELSS still works as an equity investment there, but the tax saving in this calculator applies to the old regime only.
How does the three-year lock-in work for SIPs?
Each instalment is locked for three years from its own date. A SIP started in April is fully free only three years after the last instalment.
Is the corpus tax-free?
No. Redemptions are taxed as equity capital gains, currently with an annual exemption on long-term gains. The Capital Gains Tax calculator works out the figure.
Should I invest the whole 80C limit in ELSS?
Only if EPF, PPF, insurance premiums and home loan principal are not already using it up. Count those first; ELSS fills what remains.
Save tax the way that also builds wealth.
We check your 80C usage across EPF, PPF and insurance, then fill the gap with the right ELSS.