ELSS Tax Saving Calculator
ELSS Tax Saving
Calculate tax savings and projected returns from investing in ELSS mutual funds under Section 80C of the Indian Income Tax Act
Rs.
years
%
Formula
Tax Saved = Min(Investment, 150000) x Tax Rate; Future Value = Monthly SIP compounded at expected return rate
Frequently Asked Questions
What is the lock-in period for ELSS?
ELSS mutual funds have a mandatory lock-in period of 3 years, which is the shortest among all Section 80C investment options. After 3 years, units can be redeemed or held for additional growth.
How much tax can be saved with ELSS?
Under Section 80C, investments up to Rs. 1.5 lakh per year qualify for a deduction. At the 30 percent tax bracket, this translates to a maximum annual tax saving of Rs. 46,800 including cess.
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