Jana Finance - Tax Calculator

Don't let

into your earnings

Save your tax

Last minute tax planning often leads to bad decisions. One that can lock up your
money for years or make your money grow at snail's pace. Scroll to see how much tax you can save
and the difference choosing ELSS can make.

you can save upto

` 46,350

Not everyone is aware, but you can save tax under section 80C by investing in tax-saving instruments like EPF, PPF, FD, NSC, ULIP, and ELSS before March 31^st. The investment limit is Rs. 1.5 lakh.

If you are investing

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`

Depending on your tax-slab, you will save

5% Slab

20% Slab

30% Slab

Why ELSS

Why is ELSS the best tax saving investment for you?

Save tax

Lowest lock-in period

Returns are linked to
stock market and are tax-free

Equity Linked Savings Schemes (ELSS) is a mutual fund investment that reduces your taxable income by ` 1,50,000. With a minimum lock-in period of just 3 years, ELSS has the potential to earn higher returns than most other tax-saving options as most of the portfolio is invested in the stock market.

See how ELSS compares with other tax-saving instruments:

	ELSS	Tax-saving FD	ULIP	NSC	PPF	EPF
Lock-in period	3 years	5 years	5 years	5 years	15 years	Till termination of employment
Taxation aspect	Capital gains are taxable post 1 Lakh	Interest is taxable as per your IT slab	Maturity/claims proceed are tax-free	Interest is taxable as per your tax-slab	Interest is tax-free	Interest is tax-free^^
Returns (p.a.)	Market-linked#	7% to 9%	Market-linked	7.6 %	7.6 %	8.55 %

	Lock-in period	Taxation aspect	Returns (p.a.)
ELSS	3 years	Capital gains are taxable post 1 Lakh	Market-linked#
Tax-saving FD	5 years	Interest is taxable as per your IT slab	7% to 9%
ULIP	5 years	Maturity/claims proceed are tax-free	Market-linked
NSC	5/10 years	Interest is taxable as per your tax-slab	7.6 %
PPF	15 years	Interest is tax-free	7.6 %
EPF	Till termination of employment	Interest is tax-free^^	8.55 %

Disclaimer

Choose ELSS and don't miss the tax-saving deadline

Choose your investment type to show the scheme Lumpsum Investment SIP Investment