ELSS Calculator India — FY 2025-26
Calculate how much tax you save with ELSS under Section 80C, see your corpus grow over 3/5/10 years, compare ELSS vs PPF vs tax-saving FD side by side, and track exactly when each SIP instalment completes its 3-year lock-in. Updated for Finance Act 2024 rates.
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How to Use This Calculator
ELSS Tax Saving tab
Enter your annual ELSS investment (up to ₹1,50,000 for full Section 80C benefit), select your income tax slab under the old regime, and set your expected return rate. The calculator shows your annual tax saving and projected corpus after 3, 5, and 10 years, including LTCG tax on redemption.
ELSS vs PPF vs FD tab
Compare the same ₹1,50,000/year invested in three Section 80C instruments — ELSS (equity-linked, 3-year lock-in), PPF (government-backed, 15-year lock-in, tax-free), and tax-saving FD (bank FD, 5-year lock-in, taxable interest). See the 10-year net post-tax corpus for each to decide which suits your risk profile.
SIP Lock-in Tracker tab
Enter your monthly SIP amount and start month. Since each ELSS SIP instalment has its own 3-year lock-in, the tracker shows exactly when each instalment becomes free to redeem. Useful for planning partial redemptions.
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The Formula
ELSS tax saving and corpus growth are calculated using straightforward formulas:
Tax Saved = min(Investment, ₹1,50,000) × Tax Slab Rate × 1.04
(1.04 accounts for 4% health & education cess)
ELSS Corpus (annual investment compounded):
For each year y from 1 to N:
Corpus = (Previous Corpus + Annual Investment) × (1 + r)
Where r = expected annual return rate
LTCG Tax on Redemption:
Gains = Corpus − Total Invested
Taxable LTCG = max(0, Gains − ₹1,25,000)
Tax = Taxable LTCG × 12.5%
PPF Corpus (7.1% compounded annually, tax-free):
Same compounding formula as ELSS but at 7.1% with zero tax on returns
FD Post-Tax Return:
FD interest is taxable at slab rate
Effective FD return = FD Rate × (1 − Tax Slab Rate)
ELSS returns are market-linked and not guaranteed. The 14% default assumes long-term equity CAGR based on NIFTY 50 historical performance. Actual returns will vary based on fund selection, market conditions, and economic cycles.
Example
Amit — Mumbai IT professional, ₹12L salary, 30% tax slab
Amit earns ₹12,00,000 per year and is in the 30% tax bracket under the old regime. He invests ₹1,50,000/year in ELSS via a monthly SIP of ₹12,500. He expects 14% long-term returns.
Step 1: Annual tax saving
Step 2: Corpus after 3 years (lock-in ends)
Step 3: Corpus after 10 years
Step 4: Compare with PPF & FD (10 years)
Amit saves ₹46,800 in tax every year and his ELSS corpus grows to ₹29.38 lakh after 10 years (net of LTCG tax) — 37% more than PPF and 65% more than a tax-saving FD. The trade-off is market risk, which is mitigated by the long investment horizon.