Tax Saving Calculator
Plan deductions under Section 80C, 80D, 80CCD & 24(b) and maximise your tax savings
Configure Deductions
Included within 80D self limit, not additional
Results
Old vs New Regime Comparison
See which regime is better for your income and deductions
Old Regime Tax
₹1.44 L
New Regime Tax
₹52,500
Better for you
Section-wise Utilisation
Track how much of each deduction limit you have used
Deduction Breakdown by Section
Utilised amount vs section limit
Deduction Composition
How your total deductions are split across sections
Detailed Deduction Breakdown
Item-wise breakdown of all deductions claimed
| Section | Investment | Amount | Deduction |
|---|---|---|---|
| 80C | EPF Contribution | ₹21,600 | — |
| 80C | Section 80C Total (capped) | ₹21,600 | ₹21,600 |
| 80D | Self / Family Premium | ₹25,000 | ₹25,000 |
| 80D | Section 80D Total | ₹25,000 | |
| Grand Total Deductions | ₹46,600 |
Smart Recommendations
You have ₹1.28 L unused 80C limit. Consider investing in ELSS mutual funds for market-linked returns with tax savings and a short 3-year lock-in.
Claim an additional ₹50,000 deduction by investing in NPS under Section 80CCD(1B) — over and above the 80C limit.
Paying health insurance premium for parents can give you an additional deduction of up to ₹25,000 under Section 80D.
The New Regime is better for you — you save ₹91,020 compared to the Old Regime.
Calculator results are for illustration purposes only. Actual returns may vary based on market conditions, fund performance, and other factors. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. Past performance does not guarantee future returns.
Making your 80C ₹1.5 lakh actually work for you
Under the Old Regime, Section 80C lets you deduct up to ₹1.5 lakh a year — but the instruments that qualify behave nothing alike. PPF locks money for 15 years at a fixed return; ELSS is an equity fund with a 3-year lock-in and market-linked returns; life-insurance premiums, EPF, principal on a home loan and tuition fees also count. The common mistake is buying whatever is pitched in March purely to save tax, without checking whether it fits your goals.
This calculator shows how much tax your 80C investments save at your income and regime, and how much of the ₹1.5 lakh limit you still have left to use. Remember two things: 80C deductions apply only under the Old Regime, and a tax-saving instrument is still an investment — choose it for its lock-in and return profile, not the deduction alone.
How this calculator works
- 1Enter your taxable income, your tax regime, and your existing 80C investments.
- 2The calculator estimates the tax saved and how much of the ₹1.5 lakh limit remains.
- 3Use the remaining headroom to plan which instruments to top up (for their own merits, not just the deduction).
Frequently asked questions
What investments qualify under Section 80C?
Common 80C options include PPF, ELSS mutual funds, EPF, life-insurance premiums, the principal repayment on a home loan, Sukanya Samriddhi, tax-saving fixed deposits, NSC and children’s tuition fees. The combined deduction is capped at ₹1.5 lakh a year under the Old Regime.
Does 80C work in the New Regime?
No. Section 80C deductions are available only under the Old Regime. If you opt for the New Regime for its lower slab rates, you generally cannot claim 80C, so a tax-saving investment there is just an investment, not a deduction. This calculator reflects your chosen regime.
How can I save tax beyond 80C?
Under the Old Regime, other sections help: 80D for health-insurance premiums, 80CCD(1B) for an extra ₹50,000 in NPS, 24(b) for home-loan interest, and 80E for education-loan interest. The right mix depends on your situation — confirm eligibility with a Chartered Accountant.
Illustrative and for education only; not a recommendation of any instrument. Tax rules change — consult a Chartered Accountant for your situation.
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