Tax Planning Tool
Tax Saving Calculator
Optimize your tax savings with smart investment planning under various sections
Income & Deductions
₹3,00,000₹50,00,000
₹0₹1,50,000 (Max)
₹0₹75,000
₹0₹50,000 (Max)
Tax Calculation Results
₹61,500
Tax Liability
₹21,000
Tax Saved
Gross Income₹1,200,000
Standard Deduction-₹50,000
80C Deductions-₹100,000
80D Deductions-₹15,000
NPS 80CCD(1B)-₹25,000
Taxable Income₹1,010,000
Effective Tax Rate5.1%
Optimization Recommendations
Invest ₹50,000 more in 80C to maximize deduction
Consider health insurance premium of ₹10,000 for 80D benefit
Invest ₹25,000 in NPS for additional 80CCD(1B) deduction
Recommended 80C Investment Mix
ELSS Mutual Funds
Suggested Amount₹50,000
Expected Returns12%
Lock-in Period3 years
Risk LevelHigh
LTCG on returns
Public Provident Fund (PPF)
Suggested Amount₹30,000
Expected Returns7.1%
Lock-in Period15 years
Risk LevelLow
Tax-free
Employee Provident Fund
Suggested Amount₹20,000
Expected Returns8.25%
Lock-in PeriodTill retirement
Risk LevelLow
Tax-free