Income Tax & Salary

80C Tax Saver Calculator

Quick answer: The FinTax24 80C Tax-Saver Calculator enumerates the optimal mix of deductions under Sections 80C (₹1.5 lakh), 80CCD(1B) (NPS extra ₹50,000), 80D (health insurance), 80E (education loan interest), 80G (donations) and 80TTA (savings interest) for a chosen income level, and surfaces the tax saved under the Old regime vs. the automatic lower TDS under the New (default) regime.

80C Tax Saver Calculator

Find out how much to invest under Section 80C to exhaust your deduction.

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Disclaimer: Results are for indicative purposes only and may vary based on actual rates, rules, and policies. Please consult a FinTax24 expert for binding advice.

How to use this calculator

Follow these 5 steps for an accurate result.

  1. 1

    Enter gross income

    Type your gross salary / business income before any 80C-family deductions.

  2. 2

    Add 80C investments

    Include PPF, ELSS, EPF, LIC premium, NSC, tuition fees, home-loan principal, NSC and 5-year FDs.

  3. 3

    Add 80CCD(1B)

    NPS Tier-1 contribution up to ₹50,000 — eligible in both old and new regime.

  4. 4

    Add 80D / 80E / 80G

    Health insurance premium, education-loan interest and donation deduction.

  5. 5

    Read the saved tax

    Compares old-regime tax with all deductions vs. new-regime tax — surfaces the lower-tax path.

Key takeaways

  • Combines 80C + 80CCD(1B) + 80D + 80E + 80G + 80TTA for the maximum deduction stack.
  • Compares Old-regime tax with deductions against New-regime tax without — surfaces the lower-tax option.
  • Accounts for Section 87A rebate (₹12 lakh limit under new regime) — important for salaried taxpayers.
  • Surfaces instruments eligible under each section (PPF, ELSS, EPF, NPS, home loan principal, LIC, tuition fees).

Frequently asked questions

Quick answers to common questions about 80c tax saver calculator.

What is the maximum 80C deduction?

Section 80C allows up to ₹1,50,000 deduction per financial year, aggregating investments in PPF, EPF, ELSS, NSC, LIC premium, home-loan principal repayment, tuition fees (only for full-time Indian courses), 5-year FDs with scheduled banks, and Sukanya Samriddhi deposits.

Is NPS eligible under Section 80CCD(1B)?

Yes — an additional ₹50,000 deduction under Section 80CCD(1B) is available over and above the 80C ceiling for contributions to NPS Tier-1 account. NPS Tier-1 is also permanent-retirement product, with an annuity purchase mandatory at age 60.

Can I claim home loan principal and interest together?

Yes — Section 80C deduction on principal (up to ₹1.5 lakh, part of overall 80C ceiling) and Section 24(b) interest deduction (up to ₹2 lakh for self-occupied, no cap for let-out) are independent for an existing home loan. Both apply from the year of possession.

What insurance premium qualifies for 80D?

Health insurance premium paid by any mode (cheque, cash, online) for self, spouse, dependent children and parents qualifies. Limits: ₹25,000 for self/family, additional ₹50,000 for parents (₹25,000 if below 60, ₹50,000 if senior citizens). Preventive health check-up up to ₹5,000 within overall limit.

What is the 80E deduction on education loan?

Section 80E allows full interest deduction on education loan taken for higher studies of self, spouse, children or legal ward. There is no upper limit. Deduction is available for the period beginning from the year the loan interest accrues and ending 8 years from the start of repayment or until interest ceases.

Is 80C available in the new tax regime?

Most 80C deductions are not available in the new (default) regime. Only Section 80CCD(1B) for NPS and Section 80CCD(2) for employer NPS contribution are allowed. For most salaried employees, the 87A rebate on income up to ₹12 lakh makes the new regime more attractive than itemised 80C deductions.

Sources & authority: For regulations on 80c tax saver calculator, refer to gst.gov.in, mca.gov.in, incometax.gov.in, rbi.org.in, Section 80C IT Act 1961, Section 80CCD(1B) — NPS, Income Tax ITR utilities.

Last reviewed by: FinTax24 Direct Tax Desk · Reviewed on:

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