What is the ELSS Calculator?
This calculator models an ELSS contribution using the amount, tenure and planning return assumption you enter. It shows a constant-rate illustration, not an expected market outcome or a recommendation to select ELSS over another product.
ELSS is market-linked and each SIP instalment has its own lock-in. Tax eligibility depends on the applicable tax regime, the financial year and how much of the relevant deduction limit has already been used. Verify current scheme and tax rules before acting.
How does it work?
For monthly contributions, the calculator uses the beginning-of-month SIP future-value formula with the user-selected planning return assumption. For a lump sum, it uses compound growth over the entered tenure. Actual returns may be materially higher or lower.
Any displayed tax illustration uses only the inputs and rules implemented by the calculator. It does not establish eligibility, account for other deductions, calculate final tax liability or include every cost and tax consequence.
Worked example
Enter a contribution, tenure and planning return assumption to compare scenarios. Holding the contribution and tenure constant while changing the assumed rate shows the mathematical sensitivity of the projection; it does not forecast fund performance.
When to use this calculator
- 1Compare monthly and lump-sum contribution scenarios under assumptions you select.
- 2Explore how contribution amount, tenure and a planning return assumption affect the modeled value.
- 3Review a tax illustration after independently confirming that the applicable regime and deduction rules apply to you.
Common mistakes to avoid
- ✕Assuming the 3-year lock-in applies to the entire SIP corpus — in reality, each monthly SIP instalment has its own independent 3-year lock-in, so you cannot redeem the full corpus exactly 3 years after starting the SIP.
- ✕Treating the planning return assumption as a forecast or guaranteed result.
- ✕Assuming the calculator has verified your tax regime, remaining deduction capacity or final tax liability.
- ✕Comparing products using projected value alone without separately reviewing costs, liquidity, risk and current scheme documents.
Frequently asked questions
- Does the calculator recommend an ELSS fund or return assumption?
- No. It models the inputs you enter and does not select a scheme, prescribe an allocation or forecast market returns.
- Does it confirm my tax deduction?
- No. Eligibility depends on current law, your chosen tax regime and other eligible payments. Verify the applicable financial-year rules and your own records.
- How should I interpret the projected value?
- As a constant-rate planning scenario. Actual market-linked outcomes, costs and taxes may differ materially.