Tax-Saving Investment Planner (Section 80C, 80D, 80CCD & 24b)
Optimize your complete tax deduction portfolio across ELSS, PPF, NPS, Health Insurance, and Home Loan interest in India.
Based on total deductions of ₹3,75,000 in the 30% tax bracket
*Deductions apply under Old Tax Regime. In New Regime, standard deduction of ₹75,000 applies automatically.
Important Educational Disclaimer for Calculator Results:
Calculations are estimates based on your entered inputs and selected return or inflation assumptions. Results are illustrative, hypothetical, and not guaranteed. Actual market returns, interest rates, tax liabilities, and inflation rates will vary and may materially alter your final outcome. This calculator does not constitute financial, investment, or tax advice.
How much total tax can you save this financial year?
By optimizing eligible deductions across Section 80C, 80CCD(1B), 80D, and Section 24(b), you claim a total tax deduction of ₹3,75,000. In the 30% tax bracket (Old Regime), this saves you a massive ₹1,17,000 in hard cash tax outflow!
- Section 80C Tax Saved: ₹46,800 (ELSS, EPF, PPF, Life Insurance).
- Section 80CCD(1B) NPS Tax Saved: ₹15,600 (Exclusive extra ₹50k NPS deduction).
- Section 80D Health Insurance Tax Saved: ₹7,800 (Mediclaim premium for self and senior citizen parents).
- Section 24(b) Home Loan Interest Saved: ₹46,800 (Self-occupied house interest up to ₹2 Lakhs).
- Total Tax Savings: ₹${totalTaxSaved.toLocaleString('en-IN')} kept in your pocket rather than paid to the tax department.
How This Calculator Works
Sums all statutory deduction limits permitted under Chapter VI-A and Section 24 of the Income Tax Act 1961, and applies your marginal tax rate including the 4% Health & Education Cess.
Total Tax Saved = Total Eligible Deductions × (Tax Slab % × 1.04)Variables in Formula:
Worked Step-by-Step Example
A salaried employee in the 30% tax bracket fully utilizes 80C (₹1.5L), NPS (₹50k), Health Insurance (₹25k), and Home Loan Interest (₹1.5L).
Key takeaway: Structured tax planning saves over ₹1.17 Lakhs every single year, compounding to over ₹20 Lakhs if invested in equity mutual funds over a decade.
Common Mistakes to Avoid
⚠ Ignoring the exclusive ₹50,000 NPS deduction
Many investors stop at the ₹1.5L 80C limit and forget Section 80CCD(1B), which provides an extra ₹15,600 tax savings in the 30% tax bracket.
⚠ Buying low-return ULIPs or traditional LIC policies for 80C
Traditional endowment policies yield only 4%–5% returns. Use ELSS mutual funds or PPF for 80C, and buy a pure Term Insurance plan for life cover.
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