Tax Saving Calculator India
Tax planning shouldn't be left for March. Our Tax Saving Calculator shows you how specific investments in 80C and 80D can reduce your taxable income and lower your total tax outgo.
Rs.
Investment deductions (old regime)
Rs.
Rs.
Rs.
New Regime
₹44,200
Saves ₹26,000Old Regime
₹70,200
Comparison breakdown
Standard Deduction
New₹75,000
Old₹50,000
Taxable Income
New₹9,25,000
Old₹7,75,000
Effective Tax₹44,200
Tax saving insights
- You are currently using the New Regime. If you have high HRA or 80C/80D investments, you might save more in the Old Regime.
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Tax Rules for Tax Saving Calculator India
Input your gross salary and then add your planned investments to see your tax liability drop in the Old Regime.
Saving ₹45,000 in Tax
By maximizing the ₹1.5 Lakh 80C deduction, an individual in the 30% slab can save ₹45,000 in taxes.
Indian Income Tax FAQs
Is ELSS the best tax saver?
ELSS has the shortest lock-in (3 years) among 80C options and offers potential for higher equity returns.