- ELSS: Equity mutual funds (3-year lock-in)
- PPF: 15-year government scheme
- Life Insurance: Premium payments
- Home Loan: Principal repayment
- 5-year Bank FD: Tax-saving fixed deposits
- NSC: National Savings Certificate
Tax Saving Investments Calculator
Maximize your tax deductions under Section 80C, 80D, 80CCD and other tax-saving schemes. Calculate tax savings from ELSS, PPF, NPS, insurance, and more investments.
Enter Your Tax Details
Annual Income (Before Deductions)
₹12,00,000
₹
Enter your gross annual income before any deductions
Tax Regime
New Tax Regime
Choose your applicable tax regime
Section 80C Investments (Up to ₹1.5 Lakh)
ELSS (Equity Linked Savings Scheme)
Tax-saving mutual funds with 3-year lock-in
₹
PPF (Public Provident Fund)
15-year government-backed scheme
₹
Life Insurance Premium
Self, spouse, and children policies
₹
Home Loan Principal Repayment
Only for self-occupied property
₹
Total 80C Investments:
₹1,50,000
Section 80D - Health Insurance
Self, Spouse & Children
Up to ₹25,000 (₹50,000 for senior citizens)
₹
Parents' Health Insurance
Up to ₹25,000 (₹50,000 if senior citizens)
₹
Preventive Health Checkup
Up to ₹5,000 (included in above limits)
₹
NPS (Additional ₹50,000 Deduction)
NPS Tier I Investment
Additional ₹50,000 deduction under Section 80CCD(1B)
₹
House Rent Allowance (HRA)
Monthly Rent Paid
If living in rented accommodation
₹/month
Total Tax Saved
₹78,000
Annual tax savings from deductions
Tax Without Investments
₹1,56,000
Tax With Investments
₹78,000
Net Savings
₹78,000
Deduction Breakdown
Section 80C
₹1,50,000
₹46,800
Section 80D
₹50,000
₹15,600
NPS (80CCD)
₹50,000
₹15,600
HRA
₹60,000
₹18,720
Optimization Recommendations
Applicable Tax Slabs
| Income Range | Tax Rate | Your Income | Tax Amount |
|---|
About Tax Saving Investments
Tax saving investments help you reduce your taxable income through various deductions allowed under the Indian Income Tax Act. By investing in specific instruments, you can lower your tax liability while building wealth for the future.
Major Tax Saving Sections
Section 80C
Up to ₹1.5 Lakh
Section 80D
Up to ₹1 Lakh
- Self & Family: ₹25,000 (₹50,000 for senior)
- Parents: ₹25,000 (₹50,000 for senior)
- Preventive Checkup: ₹5,000 (within limit)
- Medical Expenditure: For senior citizens without insurance
NPS (80CCD)
Additional ₹50,000
- Tier I: Mandatory retirement account
- Additional Deduction: ₹50,000 over 80C limit
- Employer Contribution: Up to 10% of salary (separate limit)
- Tax-free Withdrawal: 60% at retirement
Comparison of Tax Saving Instruments
| Investment | Lock-in Period | Returns | Risk | Liquidity | Best For |
|---|---|---|---|---|---|
| ELSS | 3 years | 12-15% | High | Medium | Young investors with high risk appetite |
| PPF | 15 years | 7.1% | Low | Low | Risk-averse investors, retirement planning |
| Tax-saving FD | 5 years | 6-7% | Low | Low | Senior citizens, conservative investors |
| NSC | 5 years | 6.8% | Low | Low | Small savings, guaranteed returns |
| NPS | Till 60 years | 8-10% | Medium | Very Low | Retirement planning, additional deduction |
| Life Insurance | Policy term | 5-6% | Low | Low | Life cover with tax benefits |
Tax Planning Tips
Start Early
Begin tax planning at the start of financial year (April) rather than last minute (March). This allows systematic investment.
Balance Risk & Returns
Mix high-return (ELSS) with safe options (PPF, FD) based on your risk profile and time horizon.
Diversify Across Sections
Utilize all available sections - 80C, 80D, 80CCD, HRA - for maximum deduction.
Consider Long-term Growth
Choose investments that offer both tax benefits and good long-term returns.
Note: This calculator provides estimates based on current tax laws (FY 2025-26). Tax laws may change. Investments mentioned have different risk profiles - choose based on your risk tolerance. Returns are indicative and not guaranteed. Consider consulting a tax advisor for personalized advice.