Tax Saving Calculator
Calculate how much hard cash you save via 80C, 80D & More!
Your total yearly income before any tax planning.
EPF, PPF, ELSS Mutual Funds, LIC Premium, Principal on Home Loan.
Extra tax benefit specifically for National Pension System.
Premiums for Self, Family & Senior Citizen Parents.
Interest paid on a Home Loan for a self-occupied property.
Total Base Tax
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📊 Your Tax Saving Blueprint
Your base income before any deductions.
We applied maximum Government limits (e.g., 80C capped at ₹1.5L). This amount will be subtracted from your income.
Gross Income minus Standard Deduction (₹50k) minus your Eligible Deductions.
The massive tax you would pay if you ignored tax planning entirely.
Your newly reduced tax bill after utilizing the Old Regime exemptions.
Congratulations! You successfully converted this tax money into your personal wealth by investing smartly.
💡 Smart Tax Saving Rules (Old Regime)
1. The ₹5 Lakh Magic (Section 87A): If your Gross Income is ₹9 Lakhs, but you claim ₹4 Lakhs in deductions (80C, HRA, Home Loan), your Net Taxable Income drops to ₹5 Lakhs. Under Old Regime, income up to ₹5L is completely TAX-FREE!
2. Don’t Over-invest in 80C: The maximum tax benefit for 80C (PPF, ELSS, EPF, LIC) is strictly ₹1,50,000. Even if you invest ₹2.5 Lakhs in PPF, the government will only deduct ₹1.5L from your taxable income.
3. NPS is the Ultimate Bonus: Exceeded your ₹1.5L limit in 80C? Open an NPS Tier-1 account. Section 80CCD(1B) gives you an ADDITIONAL, exclusive deduction of ₹50,000!
4. Health Insurance (80D) is Crucial: You can claim up to ₹25,000 for your own family’s premium. If you also pay for your Senior Citizen parents, you get an extra ₹50,000 limit. (Total ₹75,000 deduction).
5. Old vs New Regime Note: These deductions (80C, 80D, 24b) are ONLY applicable if you select the “Old Tax Regime” while filing your ITR.
🛡️ Tax Saving Calculator —
Stop Tipping The Government
Don’t wait until March to save your salary. The Income Tax Act is a rulebook that rewards smart investors. From ELSS and NPS to Health Insurance—discover exactly where to park your money to build wealth while legally paying zero extra tax.
The March Madness (And Why You Lose Money)
Every year, between January and March, millions of salaried professionals wake up to a terrifying email from their HR: “Submit your Investment Proofs immediately, or we will deduct heavy TDS.”
What happens next is financial self-sabotage. In a blind panic to save a few thousand rupees in tax, people buy terrible Endowment Life Insurance policies (LIC) from their relatives, lock their money in low-return 5-year Bank FDs, or invest in random schemes they don’t understand. You end up saving ₹30,000 in tax today, but you lose ₹10 Lakhs in future growth because your money is stuck in a dead investment for 15 years.
Tax planning is not about evading taxes; it is about Investment Efficiency. The government literally gives you legal ‘cheat codes’ to reduce your tax. If you invest your money where the government wants you to (like Retirement Funds or Equity Markets), they reward you by waiving off your tax.
A rupee saved in taxes is a rupee earned completely risk-free. If you are in the 30% tax bracket, finding an extra ₹1 Lakh in legal deductions under Section 80C instantly puts ₹30,000 pure cash back into your pocket. That is a guaranteed 30% ROI on Day 1.
How to Use the Tax Saving Calculator?
Using the Tax Calculator helps you visualize the exact gap between your current investments and the maximum allowed deductions. Here is what you need to input:
Gross Total Income:
Your total CTC minus the Employer’s PF share. It includes your Basic, HRA, and all allowances.
Existing Mandatory Cuts (EPF):
Your company already deducts 12% of your Basic Salary for EPF. This automatically counts towards your ₹1.5L 80C limit! Check your payslip to see how much limit is left.
Voluntary Investments:
Enter the amount you plan to invest in ELSS, PPF, NPS, or the premiums you pay for Term Life and Health Insurance.
The Section 80C Battle: Where Should You Invest?
You have a maximum limit of ₹1,50,000 under Section 80C. But not all 80C investments are created equal. Let’s compare the most popular options so you don’t lock your money in the wrong place.
| Investment Option | Lock-in Period | Expected Returns | Tax on Maturity |
|---|---|---|---|
| ELSS (Mutual Funds) | Just 3 Years | 12% – 15% (Market linked) | 12.5% LTCG (Above ₹1.25L) |
| PPF (Public Provident Fund) | 15 Years | 7.1% (Fixed) | 100% Tax-Free |
| Tax Saver Bank FD | 5 Years | 6.5% – 7.0% | Fully Taxable at your slab |
| Traditional LIC / Endowment | 10 to 20 Years | 5% – 6% (Terrible) | 100% Tax-Free |
If you have an investment horizon of 5+ years, ELSS (Equity Linked Savings Scheme) is the absolute king of Section 80C. It has the shortest lock-in period (3 years) and historically delivers the highest returns (12-15%) by investing in Indian equities. Combine your mandatory EPF with ELSS SIPs to max out your ₹1.5L limit effortlessly.
Beyond 80C: The Hidden Deductions
Most people stop at Section 80C. But if your salary is high, ₹1.5 Lakhs is not enough to save you from the 30% tax bracket. You must use these extra weapons:
The Final Boss: Old Regime vs New Regime
The government recently made the New Tax Regime the default option. In the New Regime, the tax percentages are lower, BUT you lose almost all the deductions we just talked about (No 80C, No HRA, No 80D).
When to choose NEW Regime: If you are a young earner (under ₹10 Lakhs/yr), you don’t pay rent, and you don’t want to lock your money in investments.
When to choose OLD Regime: If you earn above ₹15 Lakhs, pay a heavy house rent (HRA), invest fully in 80C, and have medical insurance or a Home Loan. Always calculate both before declaring it to your HR in April!
The Smart Taxpayer’s Calendar
Tax Investment FAQ (12 Critical Questions Answered)
Tax laws are intentionally complex. We have compiled the 12 most critical questions asked by taxpayers, answered in simple English.
🛡️ Keep More of What You Earn
Don’t let laziness cost you lakhs in taxes. Scroll up, use the Tax Saving Calculator to find your exact liability, and set up your ELSS and NPS accounts today. Tax planning is the easiest way to give yourself an instant salary hike.
* The calculations generated by this Tax Calculator are for educational and estimation purposes only, based on the tax slabs announced in the latest Union Budget. Actual tax liabilities may vary due to specific surcharges, cess, and individual income components (like capital gains or business income). Tax laws are complex and subject to change. Unity Wealth Capital is an educational platform and strongly recommends consulting a certified Chartered Accountant (CA) before making major investments or filing your final Income Tax Return (ITR).