ELSS Tax Savings Calculator
Calculate how much you need to invest in Equity Linked Savings Scheme (ELSS) to maximize your Section 80C tax savings.
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"Projections are calculated assuming compound return rate factors and do not guarantee future returns."
About this Calculator
Calculate how much you need to invest in Equity Linked Savings Scheme (ELSS) to maximize your Section 80C tax savings. Use our parameters to slide and adjust calculations corresponding to your income or goals.
Calculation Formula
Tax Saved = Min(Planned ELSS, 1.5 Lakh - Existing 80C) * Tax Slab Rate (Old Regime)
FAQs & Help
Equity Linked Savings Scheme (ELSS) is a type of diversified equity mutual fund that offers tax benefits under Section 80C of the Income Tax Act.
ELSS has a lock-in period of 3 years, which is the shortest among all Section 80C tax-saving options (like PPF which has 15 years, and FD which has 5 years).
Yes, you can invest any amount in ELSS, but the tax deduction benefit is strictly capped at a maximum of ₹1.5 Lakhs per financial year.
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