Tax Saving Calculator
Compare old vs new tax regime and optimize savings
Basic Information
050,00,00,000
HRA Details
Section 80C Investments (Max ₹1.5L)
Total 80C: ₹200,000/ ₹1,50,000 (Limit: ₹150,000)
Section 80D - Health Insurance
Other Deductions
Tax Comparison
Old Regime
Tax:₹0
Net Income:₹0
New Regime
Tax:₹0
Net Income:₹0
New Regime Saves:₹0
Detailed Tax Breakdown
Old Regime
Gross Income:₹12.00L
Total Deductions:-₹0
Taxable Income:₹0
Total Tax:₹0
New Regime
Gross Income:₹12.00L
Total Deductions:-₹0
Taxable Income:₹0
Total Tax:₹0
Deduction Analysis
HRA Exemption:₹0
Section 80C:₹1.50L
Section 80D:₹30,000
NPS (80CCD1B):₹50,000
Home Loan Interest:₹2.00L
Education Loan Interest:₹0
Tax Saving Recommendations
Tax Saving Tips
- • Maximize Section 80C investments (₹1.5L limit)
- • Invest additional ₹50K in NPS for extra deduction
- • Take adequate health insurance for 80D benefits
- • Plan home loan for interest deduction up to ₹2L
- • Choose between old and new regime based on deductions
- • Review and optimize investments annually
Tax Slab Comparison (FY 2024-25)
Old Tax Regime
Up to ₹2.5L:0%
₹2.5L - ₹5L:5%
₹5L - ₹10L:20%
Above ₹10L:30%
Rebate: ₹12.5K if income ≤ ₹5L
Deductions: 80C, 80D, HRA, etc. allowed
New Tax Regime
Up to ₹3L:0%
₹3L - ₹6L:5%
₹6L - ₹9L:10%
₹9L - ₹12L:15%
₹12L - ₹15L:20%
Above ₹15L:30%
Rebate: ₹25K if income ≤ ₹7L
Limited deductions allowed
Section 80C Investment Options
ELSS Mutual Funds
Returns:12-15%
Lock-in:3 years
Liquidity:Good
PPF
Returns:7.1%
Lock-in:15 years
Liquidity:Poor
EPF
Returns:8.25%
Lock-in:Till retirement
Liquidity:Limited
NSC
Returns:6.8%
Lock-in:5 years
Liquidity:Poor
Tax Saver FD
Returns:5-7%
Lock-in:5 years
Liquidity:Poor
Life Insurance
Returns:4-6%
Lock-in:Long term
Liquidity:Poor
ULIP
Returns:8-12%
Lock-in:5 years
Liquidity:Limited
Home Loan Principal
Returns:Property appreciation
Lock-in:Long term
Liquidity:Poor