ELSS Calculator - Tax Saving Mutual Fund Planner

Project estimated ELSS mutual fund returns and calculate annual Section 80C tax savings.

Reviewed for Budget 2025 • Last updated 21 June 2026 • by Sandesh D.

ELSS Parameters

Investment Mode
Monthly SIP Contribution₹12,500
Amount invested per month
₹
Your Income Tax Slab (Old Regime)Used to compute Section 80C tax savings
Expected Return (% p.a.)12%
Assumed annual return rate
%
Time Period (Years)10 Years
Investment tenure (min 3 years lock-in)
Years

Tax Savings & Projections

Invested Amount (52%)Est. Gains (48%)
Annual Tax Saved (Old Regime)₹46,800
Total Principal Invested₹15,00,000
Estimated Wealth Gains₹14,04,238
Maturity Future Value₹29,04,238
3-YR LOCK-INWithdrawals are locked for exactly 36 months from purchase date.
OLD TAX REGIMESection 80C tax deductions do not apply under the New Tax Regime.
Tax Saving Mutual Funds

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Save up to ₹46,800 in taxes under Section 80C (Old Regime) by investing in top ELSS funds. Start with just ₹500/month.

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Calculation Methodology & Rules

The ELSS Calculator projects the maturity value of your Equity Linked Savings Scheme (ELSS) investments and calculates the tax savings under Section 80C. Read our side-by-side comparison: ELSS vs PPF vs NPS Comparison or check tax rules in the Section 80C Tax Saving Guide.

Section 80C Tax Savings Logic

Under Section 80C of the Income Tax Act (Old Regime only), you can deduct up to ₹1,50,000 from your taxable income. The tax saved is calculated as:

Tax Saved = min(Annual ELSS Investment, ₹1,50,000) × Marginal Tax Rate (including 4% Cess)

Important Scheme Rules

  • Lock-in Period: 3-year lock-in from transaction date. For SIPs, each monthly installment has a separate 3-year lock-in countdown.
  • Old Regime Only: Section 80C tax deductions are completely unavailable under the New Tax Regime. If you choose the New Tax Regime, you can still invest in ELSS for growth, but you will not receive any tax deductions.
  • Market Risk: Since ELSS funds invest predominantly in equities, they carry higher risks compared to fixed income tools like PPF or tax-saver FDs, but offer the potential for higher inflation-beating returns.
For detailed rules, formulas, references, and official guidelines, see the complete Ganakam Calculation Methodology.

Frequently Asked Questions

You can claim a deduction of up to ₹1.5 Lakhs under Section 80C by investing in ELSS. If you are in the highest 30% tax bracket (plus 4% cess, total 31.2%), you can save up to ₹46,800 in income taxes annually. Note that this deduction is only applicable under the Old Tax Regime.

ELSS funds have a mandatory lock-in period of 3 years from the date of investment. This is the shortest lock-in period among all tax-saving options under Section 80C (compared to 5 years for Tax-Saver FDs/NSC and 15 years for PPF).

No. You cannot redeem or withdraw your investments from ELSS until exactly 3 years have passed from the date of the transaction. For SIP investments, each monthly installment is locked in for exactly 3 years from its respective investment date.

Yes. Capital gains on ELSS are taxed as Equity Capital Gains. Long-Term Capital Gains (LTCG) exceeding ₹1.25 Lakhs per financial year are taxed at 12.5% (plus applicable cess and surcharge). Gains made within the first 3 years cannot be realized due to the lock-in.