Tax Saving Calculator

Maximize savings with 80C, 80D, NPS and other deductions

Tax Details

Financial year

Your age

At 60 the old regime's exemption rises to ₹3L and your own 80D ceiling doubles to ₹50,000.

Annual Income

Tax Regime

Section 80C (Max ₹1.5L)

PPF

ELSS Mutual Funds

LIC / Life Insurance

EPF (Employee PF)

NSC

Tax Saver FD

Section 80D (Health Insurance)

Self & Family (Max ₹25K)

Parents (Max ₹25,000)

A parent I insure is 60 or over

Other Deductions

NPS 80CCD(1B) - Max ₹50K

Additional to 80C

Education Loan Interest (80E)

Donations (80G)

Home Loan Interest (Section 24)

Max ₹2,00,000 for a self-occupied home

Rates as per Union Budget 2026 (no change to rates) · Income-tax Act, 2025 · verified 2026-08-13. Figures apply to tax year 2026-27. The Income-tax Act, 2025 replaced the 1961 Act on 1 April 2026 and renumbers sections; rates are unchanged. This tool is an estimate, not tax advice.

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)

₹1,30,000

Used: ₹1,30,000Limit: ₹1,50,000

💡 You can save an additional ₹4,000 in taxes by investing ₹20,000 more

Section 80D(Health Insurance)

₹50,000

Used: ₹50,000Limit: ₹75,000 (₹25K self + ₹50K parents)

Section 80CCD(1B)(NPS Additional)

₹50,000

Used: ₹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 ₹4,000 in tax
•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

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