ℹ️ For informational use only. Results are estimates based on inputs provided. Not financial, tax, or investment advice. Consult a qualified professional for personalised guidance. Rates are indicative and may vary. Read full disclaimer.
Frequently Asked Questions
What is the maximum tax saving possible in India?▼
Maximum tax savings under old regime: 80C (₹1.5L) + 80CCD(1B) NPS (₹50K) + 80D health (₹75K) + HRA (varies) + home loan interest (₹2L) = potentially ₹4.75L+ in deductions. At 30% slab this saves ₹1.4L+ in tax. Use this calculator to find your exact maximum.
Can I claim 80C and NPS both?▼
Yes. Section 80CCD(1B) NPS deduction of ₹50,000 is SEPARATE from Section 80C limit of ₹1.5 lakh. So you can claim both: ₹1.5L under 80C (PPF, ELSS, LIC, PF) AND ₹50,000 under 80CCD(1B) NPS = total ₹2 lakh deduction under these two sections alone.
How to save tax on salary above ₹15 lakh?▼
For salary above ₹15L, compare both regimes. Old regime maximum deductions: Standard deduction ₹50K + 80C ₹1.5L + NPS ₹50K + HRA (if applicable) + home loan interest ₹2L + 80D ₹75K = ₹5.25L+ potential deductions. New regime: just ₹75K standard deduction but lower rates.
This tool shows how much tax you save by investing in 80C instruments. Only applicable under the Old Tax Regime. Maximum 80C deduction: ₹1.5 lakh per year across all eligible investments.