Tax & Compliance Calculators

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Section 80C Tax Savings Calculator

Maximize your tax deductions under Section 80C and 80CCD(1B)

Section 80C: Up to ₹1.5 lakh deduction + 80CCD(1B): Additional ₹50,000 for NPS

Section 80C Progress83.3%
1,25,000 of ₹1,50,000 limit used
NPS 80CCD(1B) Progress0.0%
0 of ₹50,000 limit used

Quick Investment Strategies

Investment Details

Additional Deduction - NPS 80CCD(1B)

Additional ₹50,000 deduction over and above Section 80C limit

Tax Savings Summary

Total Investment:1,25,000
80C Eligible:1,25,000
80CCD(1B) NPS:0
Total Deduction:1,25,000
Tax Savings (30% slab):37,500
Remaining Capacity:25,000
Additional 80C investment possible

Investment Breakdown

💡 Recommendations

  • You can invest ₹25,000 more to maximize 80C benefits
  • Invest ₹50,000 in NPS for additional 80CCD(1B) benefit
  • PPF offers guaranteed returns with full tax exemption (EEE status)

Investment Categories Comparison

🎯 Best Returns

  • PPF: Tax-free returns (EEE status)
  • ELSS: Potential high returns with 3-yr lock-in
  • NSC: Guaranteed returns with tax benefits

⏰ Lock-in Periods

  • ELSS: 3 years (shortest)
  • NSC/FD: 5 years
  • PPF: 15 years (longest)

💰 Tax Benefits

  • Section 80C: Up to ₹1.5 lakh deduction
  • NPS 80CCD(1B): Additional ₹50,000
  • Max tax saving: ₹60,000 (30% bracket)

📌 Important Notes:

  • Life insurance premium is limited to 10% of sum assured
  • Tuition fees apply only for full-time education of max 2 children
  • SCSS is available only for senior citizens (60+ years)
  • EPF contribution is automatically deducted by employer
  • Home loan principal (not interest) qualifies for 80C
  • NPS has additional tax benefits on maturity (80% lump sum tax-free)