ELSS (Equity-Linked Saving Scheme) mutual funds offer the shortest lock-in among 80C investments (just 3 years) plus equity-market returns (historically 12-15% CAGR). The calculator projects your post-tax returns at different equity return scenarios, compares against PPF / FD / NSC, and shows the exact tax savings under the old regime.
When to use this
Use when: comparing ELSS vs PPF vs LIC vs FD for 80C investment, projecting ELSS returns for long-term goals, deciding between SIP vs lump-sum ELSS investment, choosing between old regime (with 80C deduction) vs new regime (without).
Frequently Asked Questions
Is ELSS better than PPF?
Depends on risk appetite. ELSS: 3-year lock-in, 12-15% expected return but volatile (can lose 30% in a bear year), partial LTCG tax at redemption (12.5% above ₹1.25L). PPF: 15-year lock-in, 7.1% guaranteed return, fully tax-free. Mix both based on age and goals.
How is ELSS taxed at redemption?
Gains held over 12 months are Long-Term Capital Gains (LTCG) - taxed at 12.5% on gains above ₹1.25L per year (post-Budget 2024). Since ELSS has a 3-year lock-in, all redemptions are automatically long-term. Below ₹1.25L annual gains, zero tax.
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