ELSS Calculator

The tax on ELSS mutual funds is calculated based on capital gains. Short-term capital gains (if sold within 1 year) are taxed at 20%. Long-term capital gains above Rs. 1.25 lakh per financial year (after 1 year) are taxed at 12.5%. The ELSS Tax Calculator helps estimate this easily.

ELSS can be suitable for individuals who have a higher risk appetite and want to save taxes while investing for the long term. It can also be suitable for those looking to invest in equities but with the added advantage of tax savings under Section 80C of the Income Tax Act, 1961.

Yes, the ELSS calculator is accurate in estimating potential returns and tax savings based on the data you input. However, the actual returns may differ, as they depend on market conditions, which the calculator does not consider in real-time.

No, the ELSS Calculator does not account for real-time market conditions or fluctuations. It uses historical performance data to project returns. While it gives an estimate, actual market performance can vary, which may affect the final returns.

To use the ELSS Calculator online, you need to input details such as the investment amount, the tenure (duration) of investment, and the expected annual return rate. Based on this data, the calculator provides estimates for returns and tax savings.

No, the ELSS Calculator doesn’t factor in real-time market conditions. It uses an assumed or average expected return to calculate potential gains and tax savings. Actual returns can vary depending on how the market performs over the investment period.

When using the ELSS Calculator, you need to fill in your investment amount, the duration for which you intend to stay invested, and your expected annual rate of return. The calculator will use these details to give you estimated returns and tax benefits.

Yes, investing in ELSS involves market risk because these funds invest in equities. While they offer relatively better returns potential in long term than fixed-income options, the risk of loss is also higher. However, over the long term, ELSS has the potential to outperform other tax-saving instruments.

All ELSS funds come with a mandatory 3-year lock-in period from the date of investment. This is the shortest lock-in among other tax-saving scheme options available under Section 80C of the Income Tax Act, 1961.

When you invest in ELSS, you are eligible for tax deductions of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, 1961. Other potential returns linked to the scheme are subject to Long-term Capital Gains Tax after the lock-in period.

No, it is not possible for investors to withdraw from an ELSS fund before the mandatory lock-in period of 3 years. Any withdrawals can happen only after this period. If you start an SIP in ELSS, each instalment is treated as a separate contribution and follows its own 3-year lock-in from the date of investment.

ELSS comes with tax benefits under Section 80C of the Income Tax Act, 1961, making them a possible option for investors with long-term goals. As with all market-linked investments, returns are not guaranteed and may vary.