Tax Saving (ELSS) Calculator
Calculate how much income tax you can save by investing in ELSS mutual funds under Section 80C.
Your inputs
*Based on the Old Tax Regime. Savings may vary under the New Regime.
Your estimate
Total Tax Saved
₹10,000
Estimates use your inputs and assumed returns. Actual returns vary and are not guaranteed.
Quick answer
ELSS investments can save up to ₹46,800 in tax a year at the 30% slab including 4% cess, on the ₹1.5 lakh deduction limit. This applies only under the old tax regime, because the default new regime does not allow this deduction.
About the Tax (ELSS) Calculator
Under the old tax regime, you can claim a deduction of up to ₹1.5 lakh from your taxable income for ELSS and similar investments (Section 80C, renumbered in the Income-tax Act, 2025). The default new regime does not allow this deduction. ELSS has the shortest lock-in of the common options, at 3 years, but its returns are market-linked and not guaranteed.
What is the formula?
Tax saved = eligible investment (up to ₹1,50,000) × your tax slab rate. Add 4% cess for the final figure.
Worked example
₹1,50,000 × 30% = ₹45,000, and with 4% cess the saving is ₹46,800. ELSS has a 3-year lock-in, applied separately to each SIP instalment. As of FY 2026-27, compare both regimes before investing only for tax.
Frequently asked questions
What is the lock-in for ELSS?
ELSS has a lock-in period of 3 years, the shortest among all 80C options.
Can I invest more than ₹1.5 Lakhs in ELSS?
Yes, but the tax deduction benefit is capped at ₹1.5 Lakhs under Section 80C.
Related guides
Reviewed by Vikas Gupta, AMFI-registered Mutual Fund Distributor (ARN-178652). Last updated . Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual fund distribution by Korlipara Vikas Gupta, AMFI-registered Mutual Fund Distributor, ARN-178652. Distributors earn commission from fund houses on regular plans. Content and calculators on this site are for education, not personalised investment advice. Illustrations use assumed returns, which are not guaranteed.