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Wealth Planner
Income Tax

80C Tax Saver Calculator

Track Section 123 (80C) investments, see how much of the ₹1.5 lakh limit is used, and work out the exact old-regime tax they save from your taxable income.

Private
Instant
Estimate
Tax saved (old regime)₹46,800
Remaining limit₹0

Inputs

₹60,000
in rupees

Your own EPF and VPF contribution only. The employer's share doesn't count.

₹50,000
in rupees

Deposits made this year (PPF allows up to ₹1.5 lakh a year).

₹40,000
in rupees

Tax-saver mutual fund purchases this year (3-year lock-in).

₹10,000
in rupees

Premiums for you, your spouse or children. Counts only up to 10% of the sum assured (policies from 1 April 2012).

₹0
in rupees

Principal repaid on a loan to buy or build a house, plus stamp duty and registration paid this year.

₹0
in rupees

Tuition fee only (not development or transport fees), for up to two children in full-time study in India.

₹0
in rupees

New NSC purchases, plus the yearly NSC interest treated as reinvested.

₹0
in rupees

SSY, 5-year tax-saver FD, SCSS, ULIP, pension plans, and your own NPS contribution claimed inside the ₹1.5 lakh limit. The extra ₹50,000 NPS deduction is outside this limit.

Your tax position

Tax Regime
Old regime
Age Group
Below 60
₹12,00,000
in rupees

Income after the ₹50,000 standard deduction, HRA exemption and other deductions such as 80D or home-loan interest, before these investments.

Results

Tax saved (old regime)
₹46,800
Deduction allowed
₹1,50,000
Remaining limit
₹0
Over the limit
₹10,000
Section 123 (80C) limit100% used

Total entered: ₹1,60,000 of the ₹1,50,000 limit.

Applies only if you file under the old regime. The new regime, which is the default, allows no Section 123 (80C) deduction.

Old-regime tax ₹1,79,400 without these investments → ₹1,32,600 with them. That saves 31.2% of the amount deducted, including 4% cess.

Saving = tax on ₹12,00,000 minus tax on ₹10,50,000, including 4% cess and surcharge where it applies.

Section 123 (80C)

Entered investments, the total and the deduction allowed

Section 123 (80C)
InvestmentAmount
EPF₹60,000
PPF₹50,000
ELSS₹40,000
Life Insurance₹10,000
Home Loan Principal₹0
Tuition Fees₹0
NSC₹0
Other 80C₹0
Total entered₹1,60,000
Deduction allowed (capped at ₹1,50,000)₹1,50,000
Over the limit₹10,000

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NPS Calculator

An extra ₹50,000 NPS deduction sits outside the ₹1.5 lakh limit (old regime).

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Income Tax

Compare: is your old-regime saving bigger than the new regime's lower rates?

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HRA Calculator

Also on the old regime? Add your HRA exemption.

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Assumptions and methodology

Transparent calculation notes for 80C Tax Saver Calculator.

Methodology notes

Formula used

Section 123 (80C) deduction cap
Tax saving = old-regime tax on taxable income − old-regime tax after the deduction, where deduction = min(eligible 80C investments, ₹1,50,000, taxable income)

The calculator caps eligible Section 80C entries at ₹1.5 lakh and works out the exact old-regime tax saving from your taxable income before these investments.

Methodology

  • Add all entered 80C investment and payment amounts.
  • Cap the deduction at ₹1,50,000 and at your taxable income.
  • Compute old-regime tax on your taxable income and on the income less the deduction: slabs for your age group, the rebate at taxable income up to ₹5 lakh (no marginal relief), surcharge with marginal relief and 4% cess.
  • The saving is the difference between the two.

Core assumptions

  • Entered amounts are eligible under Section 123 (earlier 80C) read with Schedule XV. The limit is ₹1,50,000 per tax year.
  • Taxable income is entered after the standard deduction, HRA exemption and other deductions, before these investments.
  • In the new regime the deduction is not allowed, so the saving is ₹0.

Not included

  • Proof validation, investment suitability, employer payroll treatment and special-rate income such as capital gains are excluded.
  • Actual tax saving depends on final taxable income and filing choices.

About 80C Tax Saver Calculator

Guide

1What is Section 80C (Section 123 from Tax Year 2026-27)?

Section 80C lets eligible taxpayers deduct specified investments and payments such as EPF, PPF, ELSS, life insurance premium, home loan principal repayment, tuition fees, and NSC.

From 1 April 2026 the Income-tax Act, 2025 applies. The Section 80C deduction continues as Section 123 read with Schedule XV, with the same ₹1,50,000 limit per tax year, available only in the old regime. Returns for FY 2025-26 still use Section 80C.

280C Tax Saving Formula

The calculator uses:

Deduction = min(total eligible 80C investments, ₹1,50,000, taxable income)

Tax saving = old-regime tax on your taxable income − old-regime tax on that income less the deduction

Both tax figures use the old-regime slabs for your age group, the rebate for taxable income up to ₹5 lakh, surcharge with marginal relief and 4% cess. That is why the saving is not a flat 30%: it can be lower in the lower slabs and higher where the deduction brings your income down to the rebate limit. In the new regime the deduction is not allowed, so the saving is ₹0.

3How to Use This Calculator

  • Step 1: Enter your EPF, PPF, ELSS, insurance, home loan principal, tuition fee, NSC, and other 80C amounts
  • Step 2: Under Your tax position, choose the regime you file under, your age group, and your taxable income before these investments
  • Step 3: Review the deduction allowed, the remaining limit, the amount over the limit and the estimated tax saving

4Common 80C Instruments

  • EPF and PPF: Long-term retirement-oriented savings
  • ELSS: Equity mutual fund with 3-year lock-in
  • Life insurance premium: Subject to policy and premium eligibility rules
  • Home loan principal: Principal repayment on eligible housing loans
  • Tuition fees: Eligible school/college tuition fees for children

Frequently Asked Questions

FAQ
What is the maximum Section 80C deduction?
The maximum deduction under Section 123 (earlier 80C) is ₹1,50,000 per tax year across all eligible investments and payments.
Does 80C apply in the new tax regime?
No. Section 123 (earlier 80C) deductions are allowed only in the old regime. In the new regime, the main deduction left is your employer's NPS contribution (up to 14% of salary), which is separate from this limit.
What happens if I invest more than ₹1.5 lakh?
The excess amount may still be useful for your financial goals, but it does not increase the Section 80C deduction beyond ₹1.5 lakh.
Is estimated tax saving exact?
It is computed from your taxable income under the old-regime slabs, including the ₹12,500 rebate, surcharge and 4% cess. It excludes special-rate income and depends on your inputs being eligible.