Tax Saving Optimizer
Get personalized tax saving suggestions — enter your income and investments to see how to maximize deductions.
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Frequently Asked Questions
Is this relevant if I use the new tax regime?▼
Most deductions (80C, 80D, HRA, home loan) are only available under the old regime. This optimizer calculates your tax under both regimes and tells you which is better. If the new regime wins, you don't need these deductions.
What is the best way to invest ₹1.5 lakh under 80C?▼
A balanced approach: EPF/VPF covers some automatically. Then ELSS mutual funds (3-year lock-in, equity returns), PPF (15-year, guaranteed 7.1%), and term insurance premium. Avoid traditional insurance plans — their returns are poor.
Can I claim both 80C and 80CCD(1B)?▼
Yes. 80CCD(1B) gives an additional ₹50,000 deduction for NPS investments, over and above the ₹1.5 lakh limit of 80C. This means you can claim up to ₹2 lakh total (₹1.5L under 80C + ₹50K under 80CCD).
This calculator provides estimates for informational purposes only. Actual outcomes may vary based on applicable laws, financial institutions, products and individual circumstances.