ELSS Investment Details
Your ELSS Returns & Tax Savings
Visual Breakdown
Disclaimer: Tax benefits under Section 80C are subject to prevailing tax laws. ELSS funds have a 3-year lock-in. Mutual fund investments are subject to market risks.
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FAQ
ELSS (Equity Linked Savings Scheme) is a type of mutual fund that qualifies for tax deduction under Section 80C of the Income Tax Act. It has the shortest lock-in period (3 years) among all 80C options and invests primarily in equities.
You can claim deduction of up to ₹1,50,000 per year under Section 80C. The tax saved depends on your income tax bracket: 5% bracket = ₹7,500, 20% = ₹30,000, 30% = ₹46,800. This calculator shows your exact savings.
ELSS has higher return potential (10-14% historically vs 7.1% for PPF) and shorter lock-in (3 yrs vs 15 yrs). PPF offers guaranteed, tax-free returns with zero risk. Many investors use both: ELSS for growth + tax saving, PPF for safe debt allocation.