Tax Saving Calculator
Maximize your tax savings with 80C, 80D, NPS, and other deductions under Old Tax Regime
Deductions available only in Old Tax Regime
Tax Details
Section 80C (Max ₹1.5L)
Section 80D (Health Insurance)
Other Deductions
Additional to 80C
Max ₹2L
Total Tax Savings
₹1,10,240
Tax Before
₹1,79,400
Tax After
₹69,160
Total Deductions
₹4,30,000
Deduction Breakdown
Section 80C(PPF, ELSS, LIC, EPF, NSC)
₹1,30,000Used: ₹1,30,000Limit: ₹1,50,000
💡 You can save an additional ₹6,000 in taxes by investing ₹20,000 more
Section 80D(Health Insurance)
₹50,000Used: ₹50,000Limit: ₹75,000 (₹25K self + ₹50K parents)
💡 Unused limit: ₹25,000
Section 80CCD(1B)(NPS Additional)
₹50,000Used: ₹50,000Limit: ₹50,000
Other Deductions
Section 24 (Home Loan Interest)₹1,50,000
Recommendations to Maximize Savings
- •Invest ₹20,000 more in 80C instruments to save ₹6,000 in tax
- •Consider health insurance for self/parents to utilize ₹75K 80D limit
- •Best 80C options: ELSS (tax-saving + market returns), PPF (tax-free returns), NPS
Tax Saving Investment Options
🔒 PPF
Returns: 7.1% p.a. (tax-free)
Lock-in: 15 years
Limit: ₹1.5L/year
Best for: Long-term risk-free savings
📈 ELSS
Returns: 10-15% p.a.
Lock-in: 3 years
Limit: ₹1.5L/year
Best for: Higher returns with market exposure
🛡️ NPS
Returns: 9-12% p.a.
Lock-in: Till 60 years
Limit: ₹1.5L + ₹50K
Best for: Retirement planning