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Tax Saving Calculator

Calculate total tax savings from all deductions

Last Updated: July 2026
Total income before deductions
EPF, PPF, ELSS, etc.
Health insurance premium
House rent allowance exemption
Section 24(b)
80E, 80G, 80TTA, etc.
Total Deductions
—
Sum of all deductions
Tax Without Deductions
—
If no deductions claimed
Total Tax Saved
—
Difference in tax

Tax Saving Breakdown

ComponentAmount

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What Is a Tax Saving Calculator?

A Tax Saving Calculator computes the total tax saved by claiming various deductions under the old tax regime. It shows your tax liability with and without deductions, helping you understand the benefit of tax-saving investments.

This calculator helps you plan your tax-saving strategy by showing the impact of 80C, 80D, HRA, home loan interest, and other deductions. It is useful for deciding whether to opt for the old or new tax regime.

Tax Saving Formula

Taxable Income = Gross Income - Standard Deduction - All Deductions
Tax Payable = Tax on Taxable Income + Cess (4%)
Tax Saved = Tax Without Deductions - Tax With Deductions
Taxable Income = After all deductionsTax Payable = As per slabs + cessTax Saved = Benefit of deductions

Frequently Asked Questions

How to save maximum tax?
Utilize all available deductions: 80C (₹1.5L), 80D (₹25K-50K), 80CCD (NPS ₹50K), HRA exemption, home loan interest (₹2L), 80E (education loan interest), 80G (donations). Choose old regime if deductions exceed ₹3-4 lakh.
What is the maximum tax saving possible?
With all deductions (80C + 80D + 80CCD + HRA + 24b + others), you can reduce taxable income by ₹4-6 lakh. At 30% slab, this saves ₹1.2-1.8 lakh in tax. The actual saving depends on your income and slab rate.
Old regime vs new regime for tax saving?
Old regime allows deductions (80C, 80D, HRA, etc.) but has higher rates. New regime has lower rates but no deductions (except ₹75K standard). If your total deductions exceed ₹3-4 lakh, old regime is better. Otherwise, new regime may save more tax.
When should I invest for tax saving?
Start at the beginning of the financial year (April) for better planning. For ELSS, invest early to complete 3-year lock-in before year-end. For 80C, spread investments across instruments. Avoid last-minute rush in March.
What are the best tax-saving investments?
ELSS (3-year lock-in, equity returns), PPF (15-year, tax-free, 7.1%), NPS (tier 1, retirement, additional ₹50K), life insurance (protection + savings), and 5-year bank FD (safe, fixed returns). Choose based on risk appetite and goals.

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