ELSS Calculator
Calculate ELSS tax saving mutual fund returns with Section 80C deduction. Compare ELSS vs PPF vs FD returns.
ELSS vs PPF vs FD
| ELSS | PPF | FD (Post-Tax) | |
|---|---|---|---|
| Invested | ₹4,50,000 | ₹4,50,000 | ₹4,50,000 |
| Maturity | ₹5,61,763 | ₹5,16,978 | ₹4,92,753 |
| Lock-in | 3 years | 15 years | 5 years (tax saver) |
| 80C Benefit | Yes | Yes | Yes (tax saver FD) |
| Risk | Market linked | Guaranteed | Guaranteed |
Frequently Asked Questions
What is ELSS?
ELSS (Equity Linked Savings Scheme) is a type of mutual fund that offers tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per year, with a lock-in period of 3 years.
What is the lock-in period for ELSS?
ELSS has the shortest lock-in period among 80C instruments — just 3 years. Compare this with PPF (15 years) and NSC (5 years).
How is ELSS taxed?
LTCG above ₹1.25 lakh in a financial year is taxed at 12.5%. STCG (if redeemed before 1 year, which isn't possible due to lock-in) is taxed at 20%.
Is ELSS better than PPF?
ELSS has historically delivered higher returns (12-15% CAGR) vs PPF (7-8%), but comes with market risk. ELSS also has a shorter lock-in (3 vs 15 years). PPF offers guaranteed returns and full tax-free maturity.
Can I invest more than ₹1.5 lakh in ELSS?
Yes, but only ₹1.5 lakh qualifies for 80C deduction. Any amount above that is treated as a regular equity mutual fund investment.