MF Calculators

ELSS 80C tax-saving calculator

See the Section 80C deduction an ELSS investment can attract under the old tax regime, and the tax it could save at your slab. Enter what you invest this year and pick your slab. This explains a rule, it does not recommend investing in ELSS or any fund.

Tax you could save this year₹46,800on an eligible 80C deduction of ₹1,50,000 at a 30% slab plus 4% cess.

Eligible 80C deduction₹1,50,000

Your tax slab30%

Tax saved this year₹46,800

Room left under 80C₹0Across all 80C items combined

ELSS is the only equity mutual fund category that qualifies for a Section 80C deduction, and its units carry a 3 year lock-in. The deduction is available only if you file under the OLD tax regime; the NEW regime does not allow 80C. This tool computes the saving under those stated rules and is not tax advice.

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These figures follow the stated old-regime rules to explain a deduction. They are not tax advice or a recommendation to invest in ELSS or any fund. If you do choose to invest, you can browse the catalog and pick a Direct plan.

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Educational illustration only, not investment advice. Assumed returns are assumptions, not guarantees; actual returns vary and can be negative. Expense ratios differ per fund, so check the scheme document. This is not tax advice. It applies Section 80C of the OLD regime only; the NEW regime does not allow the 80C deduction. Your actual saving depends on your total income, your other 80C items and the rules in force. ELSS units are locked in for 3 years.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.