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Calculate ELSS returns with 3-year tax lock-in and ₹1.5 lakh tax deduction
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Amount Invested
Estimated Returns
ELSS (Equity Linked Saving Scheme) is India's most tax-efficient investment vehicle for most individuals. Invest up to ₹1.5 lakh per financial year, deduct entire amount from taxable income (Section 80C of Income Tax Act), and pay zero tax on gains after 3 years. A 20% slab taxpayer investing ₹1.5 lakh saves ₹30K in tax immediately! Combined with long-term compounding, ELSS is powerful for wealth building. ELSS funds are equity mutual funds, so returns fluctuate (typical 12-15% CAGR historically), but the 3-year lock-in forces discipline and captures market cycles. Post lock-in, you can exit without exit load (others have 0.5-1% charges). In India's tax landscape, ELSS is preferred over traditional fixed-deposit tax-saving schemes (offering 4-6% returns), debt funds (taxed heavily), or NPS (contribution capped at ₹1.5-1.75 lakh). ELSS is especially powerful for young professionals building career-long wealth.
FV = P × ((1+r)^n − 1) / r × (1+r)Where:
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This calculator is provided for informational and educational purposes only. While we strive for accuracy, results should be verified with official sources or by consulting qualified professionals. Tax laws, rates, and regulations are subject to change. GotRedFlags is not responsible for financial decisions made based on these tools.