ELSS Calculator India 2026 – Tax Saving Mutual Fund Returns
Calculate your ELSS (Equity Linked Savings Scheme) returns, tax savings under Section 80C, and compare with PPF and FD for FY 2025-26.
📈 ELSS Calculator – Tax Saving Mutual Fund Returns
ELSS (Equity Linked Savings Scheme) is India's most popular tax-saving investment under Section 80C of the Income Tax Act. It offers a 3-year lock-in period — the shortest among 80C instruments — with market-linked returns averaging 12–15% CAGR historically.
How to calculate ELSS returns:
- Monthly SIP: FV = P × [(1+r)^n − 1] / r × (1+r), where r = monthly return rate
- Lump sum: FV = P × (1+r)^n, where r = annual return rate, n = years
💰 ELSS Example Calculation
SIP of ₹5,000/month for 10 years at 13% annual return:
- Total Invested: ₹6,00,000
- Estimated Returns: ₹5,60,000
- Maturity Value: ₹11,60,000 (approx.)
- Tax Saved (30% slab): ₹46,800/year under 80C
Use our SIP Calculator for precise ELSS projections, or the Income Tax Calculator to see your 80C benefit.
⚖️ ELSS vs PPF vs FD (Tax Saving Comparison)
- ELSS: 3-year lock-in, market returns (12–15%), 80C deduction up to ₹1.5L
- PPF: 15-year lock-in, 7.1% guaranteed, 80C deduction, fully tax-free
- Tax Saver FD: 5-year lock-in, 6.5–7.5%, 80C deduction, interest taxable
❓ Frequently Asked Questions
What is the lock-in period for ELSS?
ELSS has a mandatory 3-year lock-in period — the shortest among all Section 80C eligible investments. Each SIP instalment has its own 3-year lock-in from its date of investment, not from when you started the SIP.
How much tax can I save with ELSS?
You can invest up to ₹1,50,000 in ELSS per financial year under Section 80C. This can save ₹15,000–₹46,800 in tax depending on your slab (10%, 20%, or 30%). Note: Tax savings are only available under the old tax regime.
Are ELSS returns tax-free?
Long-term capital gains (LTCG) from ELSS above ₹1 lakh per year are taxed at 10% (without indexation). Gains below ₹1 lakh/year are exempt. This makes ELSS tax-efficient compared to FD interest which is fully taxable.