ELSS Calculator: Calculate Equity Linked Savings Scheme Returns and Tax Savings

Our free ELSS Calculator helps you calculate returns from Equity Linked Savings Scheme mutual funds, tax benefits under Section 80C, and wealth creation potential with the shortest lock-in period.

Whether you want to optimize tax savings or plan ELSS investments for wealth creation, this calculator provides projected returns based on historical performance, investment amount, and time horizon.

ELSS Calculator

Choose your investment method
Annual amount for lump sum, monthly for SIP
Minimum lock-in: 3 years
Historical ELSS average: 10-15% per annum

How to Use This ELSS Calculator

Step 1:

Choose your investment type - Lump Sum (one-time investment) or SIP (monthly systematic investment plan).

Step 2:

Enter your investment amount. For lump sum, enter the total amount. For SIP, enter the monthly amount.

Step 3:

Enter your investment period in years. ELSS has a minimum 3-year lock-in period, but you can invest for longer periods.

Step 4:

Enter your expected annual return percentage. Historical ELSS returns range from 10-15% per annum over long periods.

Step 5:

Click "Calculate ELSS" to see your projected returns, maturity amount, and tax savings under Section 80C.

How the ELSS Calculator Works

The ELSS Calculator uses different formulas for lump sum and SIP investments. It projects returns based on your expected annual return rate and calculates tax benefits under Section 80C, considering the 3-year lock-in period.

Common Uses for ELSS Calculator

Business Invoice Preparation

Businesses use this calculator to prepare accurate invoices by adding ELSS to their product or service prices. For example, if you're selling a product for ₹5,000 and need to add 18% ELSS, the calculator shows the ELSS amount (₹900) and total invoice amount (₹5,900). This ensures compliance with tax regulations and provides transparency to customers about tax components.

Retail Price Analysis

Retailers often receive products with ELSS-inclusive pricing and need to understand the tax component for accounting purposes. Using the contribution calculation calculation, they can extract the original price and ELSS amount from the total price. This is essential for proper bookkeeping, profit margin analysis, and understanding the actual cost of goods sold.

Tax Planning and Compliance

Accountants and tax professionals use ELSS calculators for tax planning, compliance verification, and audit preparation. The calculator helps verify ELSS amounts on invoices, prepare tax returns, and ensure accurate tax collection and remittance. It's particularly useful when dealing with multiple tax slabs (5%, 12%, 18%, 28%) across different products and services.

Understanding ELSS (Equity Linked Savings Scheme)

ELSS mutual funds offer tax benefits under Section 80C with the shortest lock-in period of just 3 years. They invest primarily in equity markets, providing potential for higher returns compared to traditional tax-saving instruments.

Key ELSS Features

  • Investment Limit: Up to ₹1,50,000 for tax benefits under Section 80C
  • Lock-in Period: 3 years (shortest among tax-saving investments)
  • Expected Returns: 10-15% per annum over long term
  • Investment Options: Lump sum or SIP (Systematic Investment Plan)
  • Tax Treatment: Long-term capital gains above ₹1 lakh taxed at 10%

ELSS Investment Strategy

ELSS funds are suitable for investors with moderate to high risk appetite. SIP investments help average out market volatility and are ideal for building long-term wealth while saving taxes.