Model leftover 80C, not a free ₹1.5 lakh
This engine is the SIP loop with a three-year lock per instalment in the copy. The tax-saved callout is leftover × slab. If EPF already ate the cap, extra ELSS is just another equity SIP with a staggered lock not “tax saving.”
Subtract employee PF and other 80C from Form 16 first. Leftover 80C after EPF. Product choice after that: ELSS vs PPF. NPS 80CCD(1B) is a different line.
Leftover 80C, not the full cap
Motion is the same maths as the worksheet. Reduced-motion browsers skip the grow.
Calculator education
When to use this calculator
Use this page to model an equity SIP that also sits in Section 80C, after you have subtracted EPF and other 80C already used. It is leftover-room maths, not a scheme ranking.
How to read your result
The growth engine is the same SIP loop, with a three-year lock described in the copy. Invested amount, estimated growth, and total value follow the return you type.
The tax-saved callout is leftover contribution × your slab (as entered). If EPF already filled ₹1.5 lakh, extra ELSS is just a locked equity SIP — not additional 80C saving.
Key assumptions and limitations
- Market-linked return is an illustration you type; ELSS does not pay a fixed rate.
- Lock-in is per instalment in the explanation; the formula itself is the SIP future-value loop.
- Tax rules (80C cap, LTCG) can change; confirm the law in force when you file.
Common mistakes
- Modelling a free ₹1.5 lakh when Form 16 already used the cap.
- Treating ELSS as “safe” because it saves tax.
- Stopping the SIP in a crash and missing the averaging the lock-in was meant to enforce.
Related guides
Related calculators
ELSS growth on this page is market-linked and assumed. Tax treatment depends on current law, not on this worksheet. Rules and rates can change. Check the latest notification or official guidance before making a financial decision. Full disclaimer.
Author / methodology
What I check on ELSS
- Form 16 leftover after EPF, not a free ₹1.5 lakh.
- Each SIP instalment locks three years from allotment, not from the first debit.
- If leftover is zero, extra ELSS is just a locked equity SIP. I say that out loud.
ELSS is an AMC product with a staggered lock, not a tax department product
Section 80C is a leftover after EPF. The fund house does not know your Form 16.
| Piece | Lock / tax | Company or government? |
|---|---|---|
| Each SIP instalment | Three years from that allotment, not from the first debit | AMC scheme; SEBI category Equity Linked Savings |
| ₹1.5 lakh 80C cap | Shared with EPF, PPF, ELSS, life premium, principal on home loan | Income tax Act not the AMC |
| LTCG on equity | After the lock, same family as other equity funds | Tax department; this page's 30% callout is only the 80C stub |
If EPF already filled 80C, extra ELSS is just a locked equity SIP. Use leftover × slab, not the full cap.
₹40,000 leftover vs wrongly modelling ₹1.5 lakh. Cess omitted.