Tax Saving Calculator — Maximize Your Deductions Under Old Regime
Calculate total tax savings through Section 80C 80D 80E 80G NPS and other deductions. Find the optimal investment strategy to minimize income tax.
Tax saving in India revolves around strategic use of deduction sections under the old tax regime. Section 80C alone allows Rs 1.5 lakh deduction through multiple instruments. Adding 80D (health insurance) 80CCD1B (NPS) 80E (education loan interest) and HRA exemption can reduce your taxable income by Rs 4-6 lakh potentially saving Rs 1-2 lakh in taxes annually. The key is knowing which sections apply to you and maximizing each one.
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Key Information
| Parameter | Details |
|---|---|
| Section 80C Limit | Rs 1.5 lakh |
| Section 80D (Self + Parents) | Rs 25000 + Rs 25000-50000 |
| Section 80CCD1B (NPS) | Rs 50000 additional |
| Section 24 (Home Loan Interest) | Rs 2 lakh |
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Use Calculator NowFrequently Asked Questions
How to save maximum tax under old regime?
Priority order: 1) EPF counts toward 80C automatically. 2) ELSS mutual fund for remaining 80C (best returns). 3) Health insurance for 80D (Rs 25K self + Rs 25-50K parents). 4) NPS for additional Rs 50K under 80CCD1B. 5) Home loan interest under Section 24 if applicable. 6) HRA exemption claim. This combination saves Rs 1-2 lakh in tax depending on your income slab.
ELSS vs PPF vs NPS for tax saving?
ELSS: shortest lock-in (3 years) highest potential returns (12-15% CAGR) moderate risk. PPF: 15-year lock-in guaranteed returns (7.1%) zero risk tax-free maturity. NPS: locked until 60 mixed returns (8-10%) but additional Rs 50K deduction under 80CCD1B. Best strategy: use ELSS for 80C (returns + short lock-in) and NPS for additional 80CCD1B deduction.
Is tax saving worth it under new regime?
Under the new regime most deductions are not available so tax-saving investments serve no tax purpose. However the investments themselves remain excellent wealth-building tools. If you choose the new regime invest in ELSS PPF or NPS for their inherent returns not for tax saving. Compare total tax under both regimes before deciding.
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Last updated: March 2026